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Varun's Company sells custom-order paintings made with oil pastels. Varun's company is located in Manhattan, NY. Varun's Company uses a periodic inventory system. At the

Varun's Company sells custom-order paintings made with oil pastels. Varun's company is located in Manhattan, NY. Varun's Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 1: Required: Compute ending inventory and cost of goods sold for the current year under FIFO, LIFO, and average cost inventory costing methods. (Round "Average cost per unit" to 2 decimal places and final answers to nearest whole dollar amount.)

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