Inventory Flow methods 1. Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost Extension Mar. 1 Beginning inventory $7.20 1,000 Mar, 10 Purchase 7.25 600 Mar. 16 Purchase 7.30 800 Mar, 23 Purchase 7.35 600 Marvin sold 2,300 units of inventory during the month. What is ending inventory and cost of goods sold using the specific identification method. Assume Marvin sold 200 units from March 16, 1000 units from beginning inventory and 500 units from March 10 purchase and the rest from March 23. What is cost of goods sold and ending inventory using the following inventory flow methods? FIFO, LIFO AND WEIGHTED AVERAGE. Round to the nearest dollar