The company sold 180 units for $320 each one, on October 31, xxx1. Paid administrative and sales expenses for $15,000. Also, have the following transactions.

Beginning Inventory	30 units @ $180
February 3-purchase	60 units @ $190
June 2-purchase	70 units @ $220
October 1-purchase	40 units @ $230

8. What is the amount of the Cost of Goods Sold under the methods of FIFO, LIFO and Average?

1. FIFO $37,800, LIFO $36,800, Average $36,000
2. FIFO $37,260, LIFO $36,800, Average $37,800
3. FIFO $36,800, LIFO $37,800, Average $37,260

9. What is the amount of the Ending Inventory under the methods of FIFO, LIFO and Average?

1. FIFO $4,140, LIFO $4,600, Average $3,600
2. FIFO $4,600, LIFO $3,600, Average $4,140
3. FIFO $3,600, LIFO $4,140, Average $4,600