The following information is available for Brian Company:

Beginning inventory600 units at $4

First purchase900 units at $6.50

Second purchase500 units at $7.20

Assume that Brian uses a periodic inventory system and that there are 760 units left at the end of the month.

Instructions

Compute the cost of ending inventory under the

(a)FIFO method.

(b)LIFO method.

(c)Average-cost method.