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

July $1$ Beginning inventory $30$ units @ $$8$ per unit.

$10$ Purchased $50$ units @ $$9$ per unit.

$15$ Sold $60$ units @

$26$ Purchased $25$ units @ $$10$ per unit.

Calculate the cost of goods sold 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.

Cost of goods sold Ending inventory

a$.$ FIFO Answer

$510$

Answer

$430$

b$.$ LIFO Answer

$565$

Answer

$0$

c$.$ Weighted average Answer

Answer