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Homework: HW #6 Score: 0.31 of 1 pt 7 of 10 (9 complete) HL %E6-17A (similar to) Requirements Big Fish Company's inventory records for its retail division show the following at December 31: (Click the icon to view the accounting records.) At December 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 me 1. Compute cost of goods sold and ending inventory, using each of the following methods: a. Specific identification, with five $165 units and five $175 units still on hand at the end b. Average cost c. FIFO d. LIFO 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? Begin by entering the number of units sold and number of units in ending inventory. Then calculate cost of goods average cost per unit to the nearest cent. Round all final answers to the nearest whole dollar.) (a) (c) FIFO Number of units 13 10 (b) Average cost $ 2,210 $ 1,700 Specific identification $ 2,210 $ 1,700 Cost of goods sold Ending inventory Print Done i Data Table Dec 1 Beginning inventory ... 7 units @ $ 165 = $ 1,155 15 Purchase ............ 5 units @ 166 = $ 830 26 Purchase ............ 11 units @ 175 = $ 1,925 Print Done Enter any number in the edit fields and then click Check