During April,Leary Company Sold 900 Units of Product Q Compute the Cost of the Ending Inventory Under Each of Inventory

Essay

During April,Leary Company sold 900 units of Product Q.Its beginning inventory and purchases during the month were as follows:
$\begin{array}{rll}\text { Apr. } &1& \text { Beginning inventory } & 200 \text { units @\$1 } \\&5 & \text { Purchases } & 200 \text { units @\$2 } \\&10 & \text { Purchases } & 200 \text { units } @ \$3 \\&15 & \text { Purchases } & 200 \text { units @ } \$4 \\&20 & \text { Purchases } & 200 \text { units } @ \$5 \\&25 & \text { Purchases } & 200 \text { units @ } \$6\end{array}$
Compute the cost of the ending inventory under each of three methods: (a)average-cost,(b)LIFO,and (c)FIFO.Assume the periodic inventory system is used.(Show your work.)