The following information is available from Jones, Inc.s inventory record for Product X:

Units Unit Cost

January 1, 2020 (beginning inventory) 2,400 $18.00

Purchases:

January 5, 2020 3,900 $20.00

January 25, 2020 3,500 $21.00

February 16, 2020 1,500 $22.00

March 15, 2020 2,700 $23.00

A physical inventory on March 31, 2020, shows 3,000 units on hand.

Using the attached template, compute and show the following:

The value of the ending inventory and the cost of goods sold under the FIFO method

The value of the ending inventory and the cost of goods sold under the LIFO method

The value of the ending inventory and the cost of goods sold under the average cost method