Given the following information, you have been requested by your supervisor to submit the cost of ending inventory under LIFO, FIFO, and weighted average. At year end 850 units remained in inventory. 
Definitions:
Novel Solution
A new or innovative method devised to solve a problem or meet a challenge.
Sensation Thinkers
Individuals who prefer to rely on concrete, factual information and logical analysis when making decisions.
Abstraction
The process of reducing complexity by focusing on the main elements and ignoring specific details, often used in problem-solving and art.
Programmed Decisions
Decisions made in routine, repetitive, predictable situations that have occurred often enough to enable decision rules to be developed.
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