Egypt Co. uses a periodic inventory system. 88 units were sold. The following are the Beginning Inventory and Purchases made during the year.
| |
Units
|
Unit Cost
|
Total Cost
|
|
Beginning Inventory
|
10
|
$5
|
$50
|
|
May
|
30
|
$8
|
$240
|
|
June
|
25
|
$10
|
$250
|
|
July
|
35
|
$13
|
$455
|
| |
Totals
|
$100
|
$995
|
Compute the ending inventory under FIFO, LIFO and Weighted Average methods.