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Tyler Company has the following information related to purchases and sales of one of its inventory items.DateDescriptionSept. 1 Beginning inventory 1 0 Purchase 2 0

Tyler Company has the following information related to purchases and sales of one of its inventory items.DateDescriptionSept. 1 Beginning inventory10 Purchase20 Sales25 PurchaseUnits Purchased at CostUnits Sold at Retail400 units $12600 units @ $13680 units $22700 units at $15Assume Tyler uses a perpetual inventory system.Required:Calculate ending inventory and cost of goods sold using the FIFO, LIFO, and average cost methods.

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