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Use this information to answer the following questions ROK Company uses the PERIODIC...

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Accounting

Use this information to answer the following questions
ROK Company uses the PERIODIC inventory system and had the following information for 2013:
Beginning Inventory: 600 units @ $10.00
Purchase: March 1: 1,000 units @ $11.20
Purchase: July 31: 800 units @ $11.00
Purchase: October 1: 1,600 units @ $12.50 each
Units sold during the year amounted to 3,200 units.
What is the value assigned to ending inventory using:
1.The average cost method
2.FIFO Costing
3. LIFO Costing
4. What is the value of ending inventory using specific ID costing method? (Assume that 300 units are from the March 1 purchase and the remaining units are from the July 31 purchase)

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