Pearl Industries had a beginning inventory of93units of Product RST at a cost of $8per unit. During the year, purchases were:

Feb. 20	589	units at	$9	Aug. 12	425	units at	$11
May 5	480	units at	$10	Dec. 8	92	units at	$12

Pearl Industries uses a periodic inventory system. Sales totaled1,525units.

a)Determine the cost of goods available for sale.

The cost of goods available for sale

$

(b)Calculate Average Cost.(Round answer to 3 decimal places, e.g. 5.125.)

Average Cost

$

(b) Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost).(Round answers to 0 decimal places, e.g. 150.)

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