Exercise 8-17 Whispering Sports began operations on January 2, 2020. The following stock record card for footballs was taken from the records at the end of the year. Units Received Unit Invoice Cost Gross Invoice Amount Date Voucher 61 10624 11437 21332 $26 21 1/15 3/15 6/20 9/12 11/24 76 Terms Net 30 1/5, net 30 1/10, net 30 1/10, net 30 1/10, net 30 101 20 $1,586 1,596 2,020 1,520 1,218 $7,940 27644 95 16 31269 87 14 Totals 420 A physical inventory on December 31, 2020, reveals that 118 footballs were in stock. The bookkeeper informs you that all the discounts were taken. Assume that x Your answer is incorrect. Try again. Compute the December 31, 2020, inventory using the FIFO method. (Round per unit and final answer to 2 decimal paces, e.g. 35.57.) Ending Inventory using the FIFO method 1,714 x Your answer is incorrect. Try again. Compute the 2020 cost of goods sold using the LIFO method. (Round per unit and final answer to 2 decimal paces, e.g. 35.57.) Cost of Goods Sold using the LIFO method 5,157