The inventory information of a product is given below:
|
Jan. 1
|
Inventory
|
12 units
|
$15
|
|
Feb. 16
|
Purchase
|
8 units
|
16
|
|
Mar. 4
|
Purchase
|
15 units
|
18
|
|
Oct. 15
|
Purchase
|
10 units
|
20
|
After taking a physical count, we find that we have 14 units on hand. Determine the ending inventory cost by the (a) FIFO method, (b) LIFO method and (c) weighted average.