(1.5 pts for each of the number from (1) to (10) Edmans Company has reported the following information regarding its inventory and sales: Units Unit Cost Beginning inventory 1,000 $20 Purchase No. 1 7,000 22 Purchase No. 2 2,000 23 Sales-Edmans Company has sold 8,000 units at the price of $35 per unit. Compute the following amounts under the specific inventory costing method: Inventory Costing Method Sales Revenue Cost of Goods Sold Gross Profit Balance Sheet Ending Inventory Average cost (1) (2) (5) (8) FIFO (1) (3) (6) (9) (10) LIFO (1) (4) (7) Your answer should follow the following format: (1) XXX (2) XXX (3) XXX