Lily Distribution markets CDs of the performing artist Unique. At the beginning of October, Lily had in beginning inventory2,000of Unique's CDs with a unit cost of $7.During October, Lily made the following purchases of Unique's CDs.Oct. 3..;@$8Oct. 1..;@$10Oct. 9..;@$9Oct. 254,000@$11During October,10,750units were sold. Lily uses a periodic inventory system.Determine (1) the ending inventory and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost).(

Round

answers to 0 decimal places, e.g. 1,250.)

Determine (1) the ending inventory and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost).(Round answers to 0 decimal places, e.g. 1,250.)

FIFO

LIFO

AVERAGE-COST

The ending inventory$

$

$

The cost of goods sold