Dawn Company's inventory records for its retail division show the following at July 31: IF: (Click the icon to view the accounting recorss.) At July 31, 11 of these units are on hand. Read the feouifemonts Begin by entering the number of units sold and mumber of units in ending inventory. Then calculate cost of goods soid and ending inventory using (a) specifie identification, then (b) average cost, then (c) FFO, and finally (d) LIFO. (Fiound the average cost per unit to the nearest cont. Round all final answers to the nearest whole dollar. ) Requirement 2. Which method produces the highest cost of goods sold? Which method produces the loweat cost of goods sold? What causes the difference in cost of goods sold? Which method produces the highest cost of goods sold? Which method produces the lowest cost of goods sold? The difference in cost of aoods sold under the two methods identified above was caused by Data table y. Then calculate cost of goods soid s) FIFO, and finally (d) LiFO. (Rour st whole dollar.) rethod produces the iowest cost of Which method produces the lowest cost of goods sold? The difference in cost of goods sold under the two methods identified above was caused by 1. Compute cont of goods soid and ending inventory, using each of the following methods: a. Specific identification, with seven $160 units and four $170 units still on calculate cost of goods sold hand at the end b. Average cost c. FIFO d. FO 2. Which method produces the highest cost of goods sold? Which method produces the lowest cost of goods sold? What causes the difference in cost of goods sold? The difference in cost of goods sold under the two methods identified above was caused by