The following information is available from the inventory records of Chase Company for Product X: Units Unit Cost January 1, 2023 1,600 $18.00 Purchases: January 5, 2023 2,600 $20.00 January 25, 2023 2,400 $21.00 February 16, 2023 1,000 $22.00 March 15, 2023 1,800 $23.00

A physical inventory on March 31, 2023 shows 2,400 units on hand. Required (10 points):

Compute the ending inventory at March 31, 2023 and cost of goods sold for the quarter, under each of the following inventory methods.

a. FIFO b. LIFO c. Weighted-average