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During April, Leary Company sold 1000 units of Product Q. Product Q's beginning inventory and purchases during the month are shown below. (Assume the periodic inventory system is used.)

Apr-01

Beginning inventory

200 units @ $1

Apr-05

Purchases

200 units @ $2

Apr-10

Purchases

200 units @ $3

Apr-15

Purchases

200 units @ $4

Apr-20

Purchase

200 units @ $5

Apr-25

Purchase

200 units @ $6

Compute the cost of the ending inventory under each of three methods: (a) average-cost, (b) LIFO, and (c) FIFO. Explain how you calculated each answer and include your explanations in the spreadsheet.

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