Inventory Costing Methods - Periodic Method Fortune Stores uses the periodic inventory system for its merchandise inventory. The April 1 inventory for one of the items in the merchandise inventory consisted of 120 units with a unit cost of $395. Transactions for this item during April were as follows:

April	9	Purchased	40	units @	$415	per unit
	14	Sold	80	units @	$620	per unit
	23	Purchased	20	units @	$420	per unit
	29	Sold	40	units

Required

a. Calculate the cost of goods sold and the ending inventory cost for the month of April using the weighted-average cost method. Do not round until your final answers. Round your final answers to the nearest dollar. b. Calculate the cost of goods sold and the ending inventory cost for the month of April using the first-in, first-out method. c. Calculate the cost of goods sold and the ending inventory cost for the month of April using the last-in, first-out method.

a.	Weighted Average
	Ending Inventory	Answer
	Cost of goods Sold	Answer
b.	First-in, First-out:
	Ending Inventory	Answer
	Cost of Goods Sold:	Answer
c.	Last-in, first-out:
	Ending Inventory	Answer
	Cost of Goods Sold:	Answer