E7-5 (Algo) CalculatIng Ending Inventory and Cost of Goods Sold Under FIFO, LIFO, and Average Cost 1072 Vittany Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 1 : Compute ending inventory and cost of goods sold for the current year under FIFO. LIFO, and average cost inventory costing methods. Note: Round "Average cost per unit" to 2 declmal places and flnal answers to nearest whole dollar amount