VIULUSALONCEPT The Three primary Virtues Quiz: Final Exam Et Seely Corporation sells used surfboards in San Diego, CA and employs a periodic inventory system. During the month of August, Seely sells 26 units and reports the following beginning inventory and purchase information: Date Explanation Units Unit Cost Total Cost August Beginning inventory 12 $250 $3,000 1 August 13 Purchase 13 300 3.900 August 22 Purchase 10 310 3.100 August 29 Purchase 20 320 6.400 Instructions 1. Compute the ending inventory at August 31 using the FIFO, LIFO and average-cost methods 2. Compute the cost of goods sold at August 31 using the FIFO, LIFO and average-cost methods. T: IN TH X x E E