i have no clue..

Madden. This is worth 24 points. Assume that Madden Company reports the one initial balance and subsequent purchase of inventory: 1,300 units @ $150 each $195,000 Inventory balance at beginning of year Inventory purchased during the year Cost of goods available for sale during the year 1,700 units @ $180 each 306,000 3,000 units 501.000 Assume that 2.000 units are sold during the year. What is the cost of goods sold for the year and the inventory on the year-end balance sheet under the following inventory costing methods? a. FIFO Cost of Ending Inv. COGS_195,000+306000 - 1501,000 cocs lagoontzo 1000 units x 180 ) Ending Inventory 180,000 b. LIFO COGS 19.5,000 +120,000 = 321,000 Ending Inventory 1000 units X150 = 150k C. Average cost Total Cost Total Units = 501.000 13000 = 167 per unit COGS Ending Inventory 1300 units X (400K/3K) = $173.333