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How do you find the cost of goods sold using LIFO Method in the problem below? Shenlvood Company's inventory records for the most recent year

How do you find the cost of goods sold using LIFO Method in the problem below?

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Shenlvood Company's inventory records for the most recent year contain the following data: a (Click the icon to view the data.) ShenNood Company sold a total of 19,200 units during the year. Read the @uirements. Requirement 1. Using the average-cost method, compute the cost of goods sold and ending inventory for the year. (Round the average cost per unit to the n: cent.) Using the average-cost method, the cost of goods sold is $ 151.280 and the ending inventory is $ 6,720 . Requirement 2. Using the FIFO method, compute the cost of goods sold and ending inventory for the year. Using the FIFO method, the cost of goods sold is $ 150.000 and the ending inventory is $ 3,000 . Requirement 3. Using the LIFO method, compute the cost of goods sold and ending inventory for the year. Using the LIFO method, the cost of goods sold is $ 300 and the ending inventory is $ 4,300 . 0 Data Table Quantity Unit Cost Beginning inventory 8,000 $ 6.00 Purchases during year 12,000 $ 10.00 Print Check

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