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Martinez Corp. uses a periodic inventory system. Its records show the following for the month of May, in which 72 units were sold. Date Explanation

Martinez Corp. uses a periodic inventory system. Its records show the following for the month of May, in which 72 units were sold.

Date

Explanation

Units

Unit Cost

Total Cost

May 1 Inventory

31

$9

$279

15 Purchase

25

10

250

24 Purchase

37

11

407

Total

93

$936

Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods. (Round answers to 0 decimal places, e.g. 125.)

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