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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 product 1:
Units Unit Cost
Inventory, December 31, prior year 1,860 $ 7
For the current year:
Purchase, March 216,0406
Purchase, August 14,1604
Inventory, December 31, current year 2,830
Required:
Compute ending inventory and cost of goods sold under FIFO, LIFO, and average cost inventory costing methods.
Note: Round "Average cost per unit" to 4 decimal places and final answers to nearest whole dollar amount.

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