(62) 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, es 1.250) FIFO LIFO AVERAGE-COST The ending inventory $ $ $ The cost of goods sold $ $ e Textbook and Media Assistance Used e Textbook Save for later Attempts: 0 of 3 used Submit Answer Question 1 of 5 2.8 /5.6 ji View Policies Show Attempt History Current Attempt in Progress Sheridan Distribution markets CDs of the performing artist Unique: At the beginning of October, Sheridan had in beginning inventory 2,000 of Unique's CDs with a unit cost of $7. During October, Sheridan made the following purchases of Unique's Co. Oct. 3 2.500 @ $8 Oct. 19 3,000 $10 Oct 9 3,500 $9 Oct. 25 4,000 $11 During October 10,850 units were sold. Sheridan uses a periodic inventory system