Anne Teak's Knick Knack Store uses the periodic inventory system. On January 1, it had a beginning inventory of 33 crates of knick knacks at a cost of $1,520 per case. During the year, it made the following purchases of crates of knick knacks: March 18: 91 crates of knick knacks at $1,560 per crate July 7: 118 crates of knick knacks at $1,580 per crate October 3: 67 crates of knick knacks at $1,610 per crate On December 31, a physical count reveals there are 72 crates of knick knacks in its inventory. QUESTIONS: 1. If Anne Teak's Knick Knack Store used LIFO for inventory costing, what is its cost of goods sold and ending inventory for the year? (2 points) 2. Anne Teak's Knick Knack Store used FIFO, what is its cost of goods sold and ending inventory for the year? (2 points) 3. If Anne Teak's Knick Knack Store used the average cost method, what is its cost of goods sold and ending inventory for the year? Round your average cost per unit to the nearest cent. (2 points) SPECIFIC INSTRUCTIONS: Round all answers to the nearest dollar. You must show all of your work for each part of this question. If you do not show your work, you will not receive any points for this question, even if you have the correct