Farman Appliance Mart began operations on May 1. It uses a perpetual inventory system. During May, the company had the following purchases and sales for its Model 25 Sureshot camera.
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Purchases
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Date
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Units
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Unit Cost
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Sales Units
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May 1
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308
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$146
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May 4
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176
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May 8
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352
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$166
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May 12
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220
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May 15
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264
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$181
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May 20
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|
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132
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May 25
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176
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Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average cost, and (3) LIFO. (Round answers to 0 decimal places, e.g. $2,150.)