eBook Calculator 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 @ $18 Sept. 10 Purchase 600 units @ $20 Sept. 20 Sales 710 units @ $34 Sept. 25 Purchase 700 units at $21 Assume the company uses a perpetual inventory system. Required: Calculate ending Inventory and cost of goods sold using the FIFO, LIFO, and average cost methods. FIFO LIFO Avg Cost Cost of $fill in the blank 1 10,800 X $ oil in the blank 2 $fill in the blank 3 goods sold Ending $ fill in the blank 4 $fill in the blank 5 $ fill in the blank 6 Inventory