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Hamilton Company uses a periodic inventory system. At the end of the annual accounting period,...

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Accounting

Hamilton Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for the product

1: Units Unit Cost Inventory, December 31, prior year 1,910 $ 7

For the current year:

Purchase, March 21 6,160 6

Purchase, August 1 4,060 4

Inventory, December 31, current year 2,960

Required: Compute ending inventory and cost of goods sold under FIFO, LIFO, and average cost inventory costing methods. (Round "Average cost per unit" to 4 decimal places and final answers to the nearest whole dollar amount.)

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