Suppose Robotics, Inc.'s inventory records for a particular item indicated the following transactions in September:
September 1 Beginning Inventory 6 units @ $29
September 10 Purchase 19 units @ $32
September 22 Purchase 12 units @ $30
September 27 Purchase 4 units @ $31
Required: The company sold 22 units on September 30. Compute the ending inventory and cost of goods sold using each of the following methods:
1. LIFO
2. FIFO
3. Average Cost