Instructions First Questions 1. Compute cost of goods sold and the cost of ending inventory using FIFO. Enter all amounts Edwards Company began operations in February 2019. Edwards accounting records as a positive number. the items the company sells: 2019 for one provide the following data for the remainder FIFO Sale Price (per unit) Purchase Price (per unit) Cost of Goods Sold Activity Units $58 Cost of Ending Inventory Beginning inventory Purchase 1, 72 2. Compute cost of goods sold and the cost of ending inventory using LIFO. Enter all amounts Feb. 15 as a positive number. Purchase 2, 80 LIFO Mar. 22 Cost of Goods Sold Sale 1, Apr. 9 $150 10 Cost of Ending Inventory 86 Purchase 3, 9 May 29 Sale 2, July 15 150 3. Compute cost of goods sold and the cost of ending inventory using the average cost 10 method. Enter all amounts s a positive number Purchase 4 96 8 Sept. 10 Additional Instructions Sale 3, Oct 12 150 15 Average Cost Cost of Goods Sold Edwards uses a periodic inventory system. All purchases and sales were for cash. Cost of Ending Inventory