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VanderMeer Inc. reported the following information for the month of May:

Inventory, May 1 62 units @ $20
Purchase:
May 7 60 units @ $21
May 18 58 units @ $22
May 27 47 units @ $24

During May, VanderMeer sold 143 units. The company uses a periodic inventory system.

Required:

What is the value of ending inventory and cost of goods sold for May under the following assumptions.

Assumption Cost of Goods Sold Ending Inventory
1. Of the 143 units sold, 52 cost $20, 42 cost $21, 44 cost $22, and 5 cost $24. $ $
2. FIFO $ $
3. LIFO $ $
4. Weighted average method (Round average unit cost to the nearest cent,
and round all other calculations and your final answers to the nearest dollar.)
$ $
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