The units of an item available for sale during the year were as follows: Jan. 1 Inventory 50 units at $128 Mar. 10 Purchase 50 units at $138 Aug. 30 Purchase 10 units at $142 Dec. 12 Purchase 90 units at $148 There are 80 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the ending inventory cost and the cost of goods sold by three methods. Round interim calculations to one decimal and final answers to the nearest whole dollar.

Cost of Ending Inventory and Cost of Goods Sold

Inventory Method Ending Inventory Cost of Goods Sold

First-in, first-out (FIFO) $

$ Last-in, first-out (LIFO)

Weighted average cost