Computing Cost of Goods Sold and Ending Inventory Under FIFO, LIFO, and Average Cost Wong Corporation reports the following beginning inventory and inventory purchases. Inventory balance at beginning of year 800 units @ $12 each $9,600 Inventory purchased during the year 1,400 units @ $14 each $19,600 Cost of goods available for sale during the year 2.200 units $29,200 Wong sells 1200 of its inventory units during the year. Compute the cost of goods sold for the year and the inventory on the year-end balance sheet under the following inventory costing methods. COGS Ending Inventory $ b. LIFO $ C. Average Cost $ a. FIFO $ $ $