Check my work 2 Cost L07-2 Nittany Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 1: 25 points Units 2,000 Unit Cout $5 Inventory, December 31, prior year For the current years Purchase, March 21 Purchase, August 1 Inventory. December 31, current year 7 eBook 5,200 2,840 4,100 Hint References Required: Compute ending inventory and cost of goods sold for the current year under FIFO, LIFO, and average cost inventory costing methods. (Round "Average cost per unit" to 2 decimal places and final answers to nearest whole dollar amount.) FIFO LIFO Average Cost Ending inventory Cost of goods sold