Credit Company had the following inventory data for the current month. At the end of the month, there were 15 units on hand. Calculate the value of the ending inventory using: FIFO. LIFO Average-cost. Calculate the Cost of goods sold by: FIFO. LIFO. Average-cost. Credit Company purchased a delivery van on January 1, 2011, for $45,000. The equipment was expected to remain in service 4 years (or 100,000 miles) and has a residual value of $5,000. The van traveled 30,000 miles the first year, 25,000 miles the second year, and 22, 500 miles in the third and fourth year. Prepare a schedule of depreciation expense per year for the four years of the asset's life using the straight-line method units-of-production method and double declining balance method