Calculate the cost of goods sold and ending inventory using FIFO. CHINT: Use two rows to show your cont of goods sold calculation in layers) Cost of Goods Cost Inventory Balance Cost Cost Units Total Units Total Date Apr-01 Purchases Total Beginning Inventory 30 $11 $330 50 $13 $650 30 $11 $11 $330 330 Apr-15 A 20 35 - 30 s 5 Apr 23 41 $14 $574 $ Apr-28 32 121 $1,554 89 32 $448 Which method gives the highest COGS? FIFO Why Newest costs included under FIFO