The Lippert Company uses the periodic inventory system. The following July data are for an item in loppers inventory:

July 1 Beginning Inventory 100 units@ $8 per unit

10 Purchased 120 units@ $9 per unit

15 sold 130 units@

26 Purchased 95 units@ $10 per unit

Calculate the cost of goods sole for July and ending inventory at July 31 using (a) first-in, first out (b) last-in, first out and (c) the weighted- average cost methods. Round your final answers to the nearest dollar.

A. first-in, first-out

Ending Inventory $-

Cost of goods sold $-

B. Last-in, first-out

ending inventory $-

cost of goods sold $-

C. Weighted- average cost

ending inventory. $-

cost of goods sold $-