E7-5 (Algo) Calculating Ending Inventory and Cost of Goods Sold Under FIFO, LIFO, and Average Cost LO7-2 Nittany 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: Units 1,810 Unit Cost $6 Inventory, December 31, prior year For the current year Purchase, March 21 Purchase, August 1 Inventory, December 31, current year 5,190 2,920 4,930 8 9 Required: Compute ending inventory and cost of goods sold for the current year under FIFO, LIFO, and average cost inventory costing methods. (Round "Average cost per unit" to 2 decimal places and final answers to nearest whole dollar amount.) Answer is not complete. LIFO Average Cost FIFO 42.800 X s Ending inventory Cost of goods sold