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Beginning inventory, purchases and sales data for T-shirts are as follows:
| April 3 | Inventory | 24 units | @ | $10 |
| 11 | Purchase | 26 units | @ | $12 |
| 14 | Sale | 36 units | | |
| 21 | Purchase | 18 units | @ | $15 |
| 25 | Sale | 20 units | | |
Assuming the business maintains a periodic inventory system, calculate the cost of goods sold and ending inventory under the following assumptions:
FIFO
LIFO
Average cost
In your computations, round the average cost per unit to two decimal places and round your final answers to the nearest dollar.
| | FIFO | LIFO | Average Cost |
| Cost of goods sold | $ | $ | $ |
| Ending inventory | $ | $ | $ |
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