How do you find the FIFO method of the cost of goods sold?

Shemood Company's inventory records for the most recent year contain the following data: a (Click the icon to view the data.) Shenivood Company sold a total of 19,200 units during the year. Read the muirements. 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 near( cent) Using the average-cost method, the cost of goods sold is $ 161,230 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 $ 163.000 and the ending inventory is $ 3.000 . 0 Data Table Quantity Unit Cost Beginning inventory 8,000 $ 6.00 Purchases during year 12,000 $ 10.00 Enter