There are 80 units of the item in the physical inventory on december 31 the periodic inventory is being used.

Inventory Costing Methods Periodic Inventory System

	Units		Unit Cost
Beginning Inventory	0
Purchase	220	units at	$50
Purchase	80	units at	$48
Purchase	100	units at	$47
Total Sales for the month	320

Answer these questions.

Total Cost of Merchandise Purchased during the year
Total Number of Units Available during the month
Cost of Goods Sold under FIFO	Cost of the Ending Inventory under FIFO
Cost of Goods Sold under LIFO	Cost of the Ending Inventory under LIFO
Cost of Goods Sold under Average Cost	Cost of the Ending Inventory under Average Cost