Question 20: Olympus Climbers Company has the following inventory data:

Date	Explanation	Units	Cost Per Unit	Total Cost
July 1	Beginning Inventory	30	$19	$ 570.00
July 7	Purchases	105	$20	$2,100.00
July 22	Purchases	15	$22	$ 330.00
	Total	150		$3,000.00

A physical count of merchandise inventory on July 30 reveals that there are 48 units on

hand. What is the amount allocated to cost of goods sold and ending inventory using FIFO, LIFO, and Average Cost methods?

Part (a): FIFO (5 point)

Part (b) LIFO (5 points)

Part C: Average Cost (5points)