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Compute the cost to be assigned to ending inventory for each of the methods indicated...

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Accounting

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. (Do not round intermediate calculations. Round final answers to 0 decimal places, e.g. 2,520.)

January 1 Beginning Inventory 145 items @ $3 = $435
May 1 Purchases 440 items @ $5 = 2,200
Total Available 585 items $2,635
Total Sales 430 items
December 31 Ending Inventory 155

Cost assigned on an average-cost basis $
Cost assigned on a FIFO basis $
Costs assigned on a LIFO basis $

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