Periodic inventory by three methods; cost of goods sold The units of an item available for sale during the year were as follows: Date Line Item Description Units and Cost Jan. 1 Inventory 50 units at $116 Mar. 10 Purchase 60 units at $128 Aug. 30 Purchase 20 units at $136 Dec. 12 Purchase 70 units at $142 There are 80 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the ending inventory cost and the cost of goods sold by three methods. In your calculations round average unit cost to the nearest cent, and round all other calculations and your final answers to the nearest dollar.

Ending Inventory of (FIFO), (LIFO), (Weighted average cost)

Cost of Goods Sold of (FIFO), (LIFO), (Weighted average cost)