Brief Exercise 6-35 (Algorithmic) Inventory Costing Methods Tyler Company has the following information related to purchases and sales of one of its inventory items. Date Description Units Purchased at Cost Units Sold at Retail Sept. 1 Beginning inventory 400 units $20 Sept. 10 Purchase 600 units - $22 Sept. 20 Sales 670 units 0 $37 Sept. 25 Purchase 1000 units at $23 Assume the company uses a perpetual inventory system Required: Calculate ending inventory and cost of goods told using the FIFO, LIFO and average cost methods. FIFO LIFO Avg Cost Cost of goods sold Ending inventory