Available for sale Units 10 Date 1/1 Inventory 10/4 Purchase 15/11 purchase Total Cost/unit $10 $6 50 100 Total 100 300 800 1200 $8 160 Instructions: 1- Calculate the cost of goods sold and the ending inventory if the company uses the (FIFO) method and 40 units still on hand at the end of the year. 2- Calculate the cost of goods sold and the ending inventory if the company uses the (W.A) method and 40 units still on hand at the end of the year