a) Assume that Chen wies the firstin first-ost method. Compute both cost of good sold for the current period and the ending inventory balunce. Use the finandal statement effects template record cost of goods sold for the beriod. Endinkwentory balance s cost of goods sold (b) Asware that Chen uses the last in first-ove mechod. Compute both cost of good sold far the current period ard the ending inventory balance. tndeng invencory batance Contel goods told