High Life Company's inventory records for its retail division show the following at October $31-$

$($Click the icon to view the accounting records.$)$

At October $31,8$ of these units are on hand.

Read the requirements.

Requirement $1.$ Compute cost of goods sold and ending inventory, using each of the following four inventory methods:

Begin by entering the number of units sold and number of units in ending inventory Then calculate cost of goods sold and ending inventory using $($a$)$ specific identification, then $($b$)$ average cost, then $($c$)$ FIFO, and finally $($d$)$ LIFO $($Round the average cost per unit to the nearest cent. Round all final answers to the nearest whole dollar.$)$

$\backslash$table$[[,\backslash$table$[[$Number$],[$of units$]],$Specific identification,$($a$),($c$),($d$)],[$Cost of goods sold,,,,FIFO cost,LIFO$],[$Ending inventory,,,,,$]]$

Requirement $2.$ Which method produces the highest cost of goods sold? Which method produces thalamactcactofanodc cold?

What causes the difference in cost of goods sold?

Which method produces the highest cost of goods sold?

Data table

Whirh mothand nranlurac tha Inwoet rnet nf anande conld? $$