Marvin Company has a beginning inventory of 12 sets of paints at a cost of $1.50 each. During the year, the store purchased 4 sets at $1.60, 6 sets at $2.20, 6 sets at $2.50, and 10 sets at $3.00. By the end of the year, 25 sets were sold.

a. Calculate the number of paint sets in ending inventory.

Number of paint sets ___________

b. Calculate the cost of ending inventory under LIFO, FIFO, and the weighted average methods. (Round your answers to the nearest cent.)

Cost of ending inventory under LIFO	$
Cost of ending inventory under FIFO	$
Cost of ending inventory under Weighted Average	$