12) Determine (1) the ending inventory, and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average cost). (Round answers to decimal places, eg: 1,250.) FIFO LIFO AVERAGE-COST The ending inventory $ The cost of goods sold $ $ eTextbook and Media Save for Later Attempts:0 of 3 used Submit Anones (c) The parts of this question must be completed in order. This part will be available when you complete the part above Show Attempt History Current Attempt in Progress Sheridan Company had a beginning inventory on January 1 of 160 units of Product 4-18-15 at a cost of $ 20 per unit. During the year the following purchases were made at $24 Sept. 4 300 units Mar. 15 July 20 400 units 220 units at $33 at $28 Dec2 100 units $30 975 units were sold. Sheridan Company uses a periodic inventory system. (a) Your answer is correct Determine the cost of goods available for sale The cost of goods available for sale 31860 eTextbook and Media Attempt (61)