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Units Unit Price Total Cost January 1 Beginning inventory 800 $ 11.00 $ 8,800 March 5 1st purchase 600 12.00 7,200 April 16 2nd purchase

Units Unit Price Total Cost
January 1 Beginning inventory 800 $ 11.00 $ 8,800
March 5 1st purchase 600 12.00 7,200
April 16 2nd purchase 500 12.50 6,250
June 3 3rd purchase 700 14.00 9,800
August 18 4th purchase 800 15.00 12,000
September 13 5th purchase 900 17.00 15,300
November 14 6th purchase 400 18.00 7,200
December 3 7th purchase 500 20.30 10,150
5,200 $ 76,700

There are 1,100 units of inventory on hand on December 31.

Required:

1. Calculate the total amount to be assigned to the ending inventory and cost of goods sold on December 31 under each of the following methods:

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