Sunshades Awnings had the following purchases and sales during the fourth quarter of 2005. Beginning inventory as of 9/30/05 was $0 on hand.
Purchase DatePurchase Qty Unit/Cost Sale DateSale Qty Price/Unit
10/10/05 100 $2.00 10/2/05 450 $6.00
11/1/05 250 $2.25 11/2/05 200 $6.00
11/15/05 350 $2.35 12/31/05 250 $6.00
12/1/05 100 $2.35
12/30/05 100 $2.25
Required: Calculate the ending inventory value using: LIFO, FIFO and Average Cost