Penn Company uses a periodic inventory system. At the end of the annual accounting period, December 31, 2015, the accounting records provided the following information for product 1:

	Units	Unit Cost
Inventory, December 31, 2014	1,830		$	6
For the year 2015:
Purchase, March 21	5,090			8
Purchase, August 1	2,990			9
Inventory, December 31, 2015	4,160

Required:

Compute ending inventory and cost of goods sold under FIFO, LIFO, and average cost inventory costing methods. (Round "Average cost per unit" to 2 decimal places and final answers to nearest whole dollar amount.)

	FIFO	LIFO	Average Cost
Ending inventory
Cost of goods sold