division show the following at March 31: (Click the icon to view the accounting records.) At March 31, 10 of these units are on hand. Read the requirements. Requirement 1. Compute cost of goods sold and ending inventory, using each of the following four inventory methods: Begin by entering the number of units sold and number of units in ending inventory. Then calculate cost of goods sold and ending inventory using (a) specific identification, then (b) average cost, then ( average cost per unit to the nearest cent. Round all final answers to the nearest whole dollar.) (a) Specific identification (b) Average cost (c) (d) FIFO LIFO Cost of goods sold 24000 Ending inventory Requirement 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? Which method produces the highest cost of goods sold? LIFO Which method produces the lowest cost of goods sold? FIFO The difference in cost of goods sold under the two methods identified above was caused by the decrease in inventory unit cost Enter any number in the edit fields and then continue to the next question. MacBook Air