The following information is gathered in relation to sales and purchases of inventory during January. Assume the business uses the perpetual inventory method. January January 1 Beginning Inventory 14 Purchases January 25 January 235 Sales 31 Ending Inventory 150 items @ $3 = $ 450 450 items @ $6 = $2,700 300 items @ $10 = $3,000 300 items Calculate the cost of goods sold and the value of ending inventory for each of the methods indicated below given the information about purchases and sales during the month. 1. Cost of goods sold using average cost 2. Cost of goods sold using FIFO 3. Ending inventory using average cost $ 4. Ending Inventory using FIFO