Griffin Company's inventory records for its retail division show the following at December 31: (Click the icon to view the accounting records.) At December 31, 11 of these units are on hand, Read the requirements Requirements 1. Compute cost of goods sold and ending inventory, using each of the following methods a. Specific identification, with seven $165 units and four $175 units still on hand at the end b. Average cost c. FIFO d. LIFO 2. Which method produces the highest cost of goods sold? Which method produces the lowest cost of goods sold? What causes the difference in cost of goods sold? Print Done Company's inventory records for its ridinio show the following a December 31 m the con to view the accounting records Al December 11 won hund HD Requirement 1. Cine coolant wory using each of the towing to inventory methods onur henter of the world wid umber of units nesang entory Then coche cost of goods who und ending very using a specte identication mond) sverage cont banco pero, uns tray iro unts Specho co FO UFO Engine Requirement which metod progetto of goods Which produces the cost of What the recension Wod process igent cost of goods Whehes the west coast) The good or two months was caused by - X Data Table 0 Dec 1 Beginning inventory 9 units @ $165 = $1,485 -thod pro Dec 15 Purchase 5 units @ $166 = $830 13 units @ $175 = $2,275 Dec 26 Purchase Print Done