4 1.57 points E7-5 (Algo) Calculating Ending Inventory and Cost of Goods Sold Under FIFO, LIFO, and Average Cost LO7-2 Nittany Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 1: Skipped eBook Units Unit Cost Inventory, December 31, prior year For the current year: 1,900 $4 Purchase, March 21 Purchase, August 1 5,200 6 2,840 7 Inventory, December 31, current year 4,100 Hint Required: Print Compute ending inventory and cost of goods sold for the current year under FIFO, LIFO, and average cost inventory costing methods. (Round "Average cost per unit" to 2 decimal places and final answers to nearest whole dollar amount.) References Ending inventory Cost of goods sold FIFO LIFO Average Cost