Marigold Corp. Inc. had a beginning inventory of 95 units of Product RST at a cost of $ 6 per unit. During the year, purchases were:

Feb. 20		605 units		at		$ 7		Aug. 12		410 units		at		$ 9
May 5		495 units		at		$ 8		Dec. 8		100 units		at		$ 10

Marigold Corp. uses a periodic inventory system. Sales totaled 1,485 units.

Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). Prove the accuracy of the cost of goods sold under the FIFO and LIFO methods. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to 0 decimal places, e.g. 5,125.)

		FIFO		LIFO		AVERAGE-COST
The ending inventory		$		$		$
The cost of goods sold		$		$		$