Using FIFO, LIFO and weighted average, what is the ending cost of inventory? Be sure to show your work.Inventory Valuation Practice Problem

XYZ Central Billing Office purchased magnetic storage disks on the following dates and amounts.

Units Price ($) Total ($)

January 1 beginning balance 10 15 150

March 1 purchase 30 14 420

May 1 purchase 40 14 560

July 1 purchase 10 13 130

September 1 purchase 20 12 240

November 1 purchase 10 12 120

Total 120 $1,620

Ending inventory on Dec. 31 35

Using FIFO, LIFO and weighted average, what is the ending cost of inventory?

Be sure to show your work.