Nittany Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 1:

Units Unit Cost

Inventory, December 31, prior year 1,880 $ 3 For the current year: Purchase, March 21 5,010 5 Purchase, August 1 2,920 6 Inventory, December 31, current year 4,090

Required: Compute ending inventory and cost of goods sold for the current year under FIFO, LIFO, and average cost inventory costing methods.