Potter Company had a beginning inventory of 200 units at a cost of $12 per unit on August 1. During the month, the following purchases and sales were made.

Purchases Sales

August 4 250 units at $13 August 7 150 units

August 15 350 units at $15 August 11 100 units

August 28 200 units at $14 August 17 300 units

August 24 200 units

Griffin uses a periodic inventory system.

Instructions:

Determine ending inventory and cost of goods sold under:

(a) Weighted Average Cost,

(b) FIFO, and

(c) LIFO.