Inventory balance at beginning of year.400 units @ $12 each. $4800 Inventory purchased during the year.700 units @ $14 each.

Inventory balance at beginning of year.......400 units @ $12 each........ $4800

Inventory purchased during the year..........700 units @ $14 each.........$ 9800

Cost of goods available for sale during yr.. 1100 unit............................$ 14600

Wong sells 600 of its inventory units during the year. Compute the cost of goods sold for the year and the inventory on the year end balance sheet under the following inventory cost methods:

a)FIFO

b)LIFO

c)Avg cost