The Lippert Company uses the perpetual inventory system. The following July data are for an item in Lipperts 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 the July 15 sale 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
a. FIFO	Answer 510
b. LIFO
c. Weighted average