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 Inventory purchased during the year 240 units @ $12 each $2,880 420 units @ $14 each $5,880 $8,760 Cost of goods available for sale during the year 660 units Wong sells 360 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. Note: Do not round until your final answer. Note: Round your final answers to the nearest whole dollar. COGS Ending Inventory a. FIFO $ $ b. LIFO $ $ C. Average Cost $