ezomheducation.com/ext/map/index.html?con con external browser launchurl=http%253A%252F%252Fm.meducation.com.mglnews Chapter 7 Sered Check my work mode : This shows what is correct or incorrect for the work you have completed so for. It does not indicate com 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 : Unit Unit Cost Inventory, December 31, prior year 1,010 $6 For the current year Purchase, March 21 5,190 Purchase, Asust 1 2,920 Inventory, December 31, current year 4,090 Required: Compute ending inventory and cost of goods sold for the current year under FIFO, UFO, and average cost inventory costing methods (Round "Average cost per unit" to 2 decimal places and final answers to nearest whole dollar amount) E7-5 (Algo) Calculating Ending Inventory and Cost of Goods Sold Under FIFO, LIFO, and Average Cost LO7-2 1 ats 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 Unit Cost Inventory, December 31, prior year 1,810 56 For the current year Purchase, March 21 5,190 a Purchase, August 1 2,920 Inventory, December 31, current year 4,00 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 complete but not entirely correct. S Ending inventory Cost of goods sold FIFO 30,910 S 43,500 LIFO 28,620 50,040 ws Average Cost DX OX