12. The units of Product PKO available for sale during the year were as follows: Apr 1 Inventory 16 units Apr 16 $36 Purchase 12 units @ $40 Apr 20 Purchase 20 units $45 Apr 22 Purchase 12 units @ $32 Apr 30 Sunita FIFO LIFO There are 15 units of the product in inventory at April 30th (ending inventory). Assume that all sales were after April 22nd. Determine the cost of merchandise sold and the ending inventory valuation by (a) FIFO, (b) LIFO, and (c) avg. cost methods. Method Average Cost Cost of Goods Sold (16x36)+(1240)+(17x): 1821 (12 x32)+(20x)+(12x40) + (1436): X $1800 Ending Inventory onits (345) + (12132)= 85 19 (5 36) = (540 X