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Inventory by Three Methods; Cost of Goods Sold The units of an item available for...

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Accounting

Inventory by Three Methods; Cost of Goods Sold
The units of an item available for sale during the year were as follows:
Jan. 1 Inventory 20 units at $1,800 each
June 9 Purchase 31 units at $1,950 each
July 28 Purchase 14 units at $2,040 each
Nov. 1 Purchase 17 units at $2,100 each
There are 18 units of the item in the physical inventory at December 31.
Determine the cost of ending inventory and the cost of goods sold by three methods, presenting your answers in the following form:
Round your final answers to the nearest dollar.
Cost
Inventory Method
Ending Inventory
Cost of Goods Sold
a. First-in, first-out method
b. Last-in, first-out method
c. Weighted average
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