dwards Sporting Goods he company uses a periodic system. began operations February 1, 2002. Edwards sells footballs to high schools and colleges throughout the country A summary of inventory records for the moth of February appears below Inventory Records-Footballs Date Term Of Purchase Units Received Ge February 2 February 17 net 30 February 26 2/10,n 3/10, net 30 800 600 550 $30,000 22,560 20,490 net 45 All footballs are sold for $47.50. Edwards takes all discounts that are offered and uses the net method for recording purchases. On February 8, 560 footballs were on hand. 1) Compute the ending inventory cost under FIFo. 2) Compute the ending inventory cost under LIFO. 3) Compute the ending inventory cost under AVERAGE