Question 1 Compute the cost to be assigned to ending Inventory for each of the methods indicated given the following information about purchases and sales anuary 1 Beginning Inventory 150 items4$600 2,700 $3,300 1 Purchases 450 items $6 600 items 430 items 170 ty May Total Available Total Sales December 31 Ending Inventory Cost assigned on an average cost basis Cost assigned on a FIFO basis Costs assigned on a LIFO basis