Problem 2 Compute the cost to be assigned to ending inventory for each of the methods indicated given the following information about purchases and sales during the year. January 1 Beginning Inventory 150 items @ $4 = $ 600 May 1 Purchases 439 items @ $6 = 2,790 Total Available 600 items $3,300 Total Sales items December 31 Endng Inventory i0 Cost assigned on an average-cost basis $ Cost assigned on a FIFO basis 35 Costs assigned on a LIFO basis $