Lisas Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Lisas purchases of Xpert snowboards during September is shown below. During the same month, 123 Xpert snowboards were sold. Lisas uses a periodic inventory system.

Date		Explanation		Units		Unit Cost		Total Cost
Sept. 1		Inventory		27		$97		$ 2,619
Sept. 12		Purchases		45		102		4,590
Sept. 19		Purchases		20		104		2,080
Sept. 26		Purchases		50		105		5,250
		Totals		142				$14,539

(a)

Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods.

		FIFO		LIFO
The ending inventory at September 30		$		$
Cost of goods sold		$		$

(b)

For both FIFO and LIFO, calculate the sum of ending inventory and cost of goods sold.

		FIFO		LIFO
The sum of ending inventory and cost of goods sold		$		$

In its first month of operations, Lily Company made three purchases of merchandise in the following sequence: (1) 310 units at $8, (2) 450 units at $9, and (3) 240 units at $10.

Compute the cost of the ending inventory under the average-cost method, assuming there are 400 units on hand. (Round answer to 0 decimal places, e.g. 1,250.)

The cost of the ending inventory $