Some of the information found on a detail inventory card for Slatkin Inc. for the first month of operations is as follows.

Received

Date # of units unit cost issued # of units balance, # of units

January 2 1,650 $3.91 1,650

January 7 1,150 500

January 10 1,050 $4.17 1,550

January 13 950 600

January 18 1,450 $4.30 750 1,300

January 20 1,100 200

January 23 1,750 $4.43 1,950

January 26 1,250 700

January 28 2,050 $4.56 2,750

January 31 1,750 1,000

From these data compute the ending inventory on each of the following bases. Assume that perpetual inventory records are kept in units only. (1) First-in, first-out (FIFO). (2) Last-in, first-out (LIFO). (3) Average-cost.

FIFO LIFO Average Cost

Ending Inventory $ ??? $ ??? $ ???

If the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, what amount would be shown as ending inventory under (1) FIFO, (2) LIFO and (3) Average-cost?

FIFO LIFO Average Cost

Ending Inventory $ ??? $ ??? $ ???