Pemberton Products uses a periodic inventory system. The company's records show the beginning inventory of PH4 oil filters on January 1 and the purchases of this item during the current year to be as follows:

A physical count indicates 20 units in inventory at year-end.
Determine the cost of the ending inventory on the basis of each of the following methods of inventory valuation. (Remember to use periodic inventory costing procedures.)
(Round your answers to 2 decimal places. Omit the "$" sign in your response.)
Average cost $  
FIFO $  
LIFO $ 

Transcribed Image Text:

1 Beginning inventory 9 units $3.00 S 27.00 Feb. 23 Purchase 12 units a $3.50 42.00 Apr. 20 Purchase 30 units a $3.80 114.00 May 4 Purchase 40 units S4.00 160.00 Nov. 30 Purchase 19 units S5.00 95.00 Totals 110 ts S438.00