How do I calculate the ending inventory for average cost?

Required information E7-11 (Algo) Evaluating the Choice among Three Alternative Inventory Methods Based on Income and Cash Flow Effects LO7-2, 7-3 (The following information applies to the questions displayed below.) Daniel Company uses a periodic inventory system. Data for the current year: beginning merchandise inventory (ending inventory December 31, prior year), 2,010 units at $38; purchases, 7,940 units at $40; expenses (excluding income taxes), $193,600; ending inventory per physical count at December 31, current year, 1,760 units; sales, 8,190 units; sales price per unit, $76; and average income tax rate, 36 percent. E7-11 Part 1 Required: 1-a. Compute cost of goods sold under the FIFO, LIFO, and average cost inventory costing methods. 1-b. Prepare income statements under the FIFO, LIFO, and average cost inventory costing methods. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Compute cost of goods sold under the FIFO, LIFO, and average cost inventory costing methods. (Do not round your intermediate calculations. Round your final answers to the nearest whole dollar amount.) Inventory Costing Method Cost of Goods Sold Units FIFO LIFO Beginning inventory 2,010 $ $ 76,380 317,600 Average Cost $ 76,380 317,600 393,980 Purchases 7,940 9,950 Goods available for sale Ending inventory Cost of goods sold 76,380 317,600 393,980 66,380 327,600 393,980 70,400 323,580 1,760 $