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Ivanhoe Company uses a periodic inventory system. Its records show the following for the month of May, in which  70 units were sold.

Date

Explanation

Units

Unit Cost

Total Cost

May 1

Inventory

30

$ 10

$ 300

15

Purchase

25

11

275

24

Purchase

38

12

456

Total

93

$ 1,031

Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)

Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods. (Round answers to 0 decimal places, e.g. 125.)

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