1. The accounting records of Carrol's Lamp Shop reflected the following balances as of January 1, 2014 Cash Beginning inventory 19,530 (210 units Common stock Retained earnings $18,800 $93) 15,600 22,730 The following five transactions occurred in 2014 1. First purchase (cash) 125 units $95 2. Second purchase (cash) 200 units @ $103 3. Sales (all cash) 365 units $193 4. Paid $14,100 cash for salaries expense 5. Paid cash for income tax at the rate of 25 percent of income before taxes Required a. Compute the cost of goods sold and ending inventory, assuming (1) FIFO cost flow, (2) LIFO cost flow and (3) weighted-average cost flow. (Do not round intermediate calculations and round your answers to nearest whole dollar amount.) FIFO Weighte Avera Cost of goods sold Ending inventory