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300-4:: 1200 soos 6.000 1001 : 3200 The following information is available for Yancey Company Beginning inventory 300 units at $4 First purchase 800 units at $6 Second purchase 400 units at $8 end of the month October 31, 2021 Assume that Yancey uses a periodic inventory system and that there are 700 units left at the Instructions Compute the cost of ending inventory and the cost of goods sold under the following methods Be sure to SHOW and LABEL your work to earn full credit (a) FIFO method (b) LIFO method (c) Average cost method (round the unit cost to two decimal places)