City Sporting Goods started April with an inventory of eight sets of golf clubs that cost a total of $1,160. During April, City purchased 30 sets of clubs for $4,920. At the end of the month, City had seven sets of golf clubs on hand. The store manager must select an inventory costing method, and he asks you to tell him both cost of goods sold and ending inventory under these three accounting methods: a. Average cost (round average unit cost to the nearest cent) b. FIFO c. LIFO Determine the cost of goods sold and ending inventory amounts under the three methods. (Round the average cost per unit within your average cost computation to the nearest cent. Round all other amounts to the nearest dollar.) a. b. c. Average Cost FIFO Cost LIFO Cost Cost of goods sold Ending inventory