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VanderMeer Inc. reported the following information for the month of October: Inventory, October 1 63 units @ $22 Purchase: October 7 53 units @ $23

VanderMeer Inc. reported the following information for the month of October:

Inventory, October 1 63 units @ $22
Purchase:
October 7 53 units @ $23
October 18 62 units @ $25
October 27 38 units @ $26

During October, VanderMeer sold 141 units. The company uses a periodic inventory system.

Required:

What is the value of ending inventory and cost of goods sold for October under the following assumptions.

Assumption Cost of Goods Sold Ending Inventory
1. Of the 141 units sold, 53 cost $22, 37 cost $23, 47 cost $25, and 4 cost $26. $ $
2. FIFO $ $
3. LIFO $ $
4. Weighted average method (Round average unit cost to the nearest cent, and round all other calculations and your final answers to the nearest dollar.) $ $

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