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Riverbed Corp uses a periodic inventory system. Its records show the following for the month of May, in which 75 units were sold. Date Explanation

Riverbed Corp uses a periodic inventory system. Its records show the following for the month of May, in which 75 units were sold.

Date

Explanation

Units

Unit Cost

Total Cost

May 1 Inventory

28

$8

$224

15 Purchase

23

11

253

24 Purchase

36

13

468

Total

87

$945

Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods. (Round average unit cost to 2 decimal places, e.g. 2.51 and final answers to 0 decimal places, e.g. 125.)

FIFO

LIFO

AVERAGE-COST

Ending inventory at May 31

$enter ending inventory at May 31 under First In First Out in dollars $enter ending inventory at May 31 under Last In First Out in dollars $enter ending inventory at May 31 under average cost in dollars

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