Inventory Cosing Methods A company with no inventory buys the following three inventory items Date Item Cost $6 $7 $8 January 7 January 9 January 12 On January 10, the company sells one item for $10 On January 15, the company sells a second item for $10 The company uses a perpetual inventory system. Required: Calculate the company's cost of goods sold under the following inventory costing methods. If required, round your answers to two decimal places. a. FIFO b. LIFO 6 c. Moving Average