Moffett Company, which uses the periodic inventory system, has the following records for 2016:

		Units	Unit Cost
Beginning inventory		60	$80
Purchases:	March 6	25	84
	July 12	55	88
	August 19	20	90
	October 27	40	92

Ending inventory at December 31 is 80 units. Compute the cost of the ending inventory and the cost of goods sold using the following methods:

a. FIFO

b. Weighted-average

c. LIFO

d. Assume the sales price for the units sold was $100 per unit. Prepare a schedule showing the total sales, cost of goods sold, gross profit and gross profit percentage for the FIFO and LIFO choices.