PLEASE URGENT

Slim Company beginning inventory on January 1 was of 150 units of Product 4-18-15 at a cost of $23 per unit. The following purchases were occured.

Date	Units	Price
Mar. 15	430 units	$20
July 20	200 units	$20
Sept. 4	330 units	$20
Dec. 2	110 units	$30

1,000 units were sold. METU Company uses a periodic inventory system.

Instructions

(a) Determine the cost of goods available for sale.

(b) Determine (1) the ending inventory, and (2) the cost of goods sold under each of the

assumed cost flow methods (FIFO, LIFO, and average-cost).

(c) Which cost flow method results in (1) the highest inventory amount for the balance

sheet, and (2) the highest cost of goods sold for the income statement?