3) Inventory data for Williams Door Products Corporation for the month of October are as follows:
Merchandise inventory, October 150 units at $150 each
October 8 purchase50 units at $155 each
October 15 purchase55 units at $160 each
October 22 purchase60 units at $170 each
October 29 purchase55 units at $175 each
During the month of October, Williams sold 250 units.
Required:
Compute the ending inventory balance on October 31 using:
a. FIFO
b. LIFO
c. Average-cost
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