The beginning inventory and purchases of Commodity A for the period were as follows:

Beginning inventory 24 units @ $10 each

First purchase 32 units @ $11 each

Second purchase 20 units @ $13 each

Third purchase 20 units @ $15 each

The company uses the periodic system and there were 25 units of Commodity A in the inventory at the end of the period.

REQUIRED: Determine the cost of the 25 units in the inventory by each of the following methods: Show all supporting calculations or no credit.

1. $_____________FIFO

2. $_____________LIFO

(C) $_____________Weigthted Average