Jones Company was formed on December 1, 2019. The following information is available from Jones's inventory record for Product X Units Unit Cost January 1, 2020 (beginning inventory) Purchases: January 5, 2020 January 25, 2020 February 16, 2020 3,900 $20.00 3,600 $21.00 March 15, 2020 1,500 2,700 $22.00 $23.00 A physical inventory on March 31, 2020, shows 3,000 units on hand. Compute the ending inventory and COGS at March 31, 2020, under each of the following inventory methods: Method Ending Inventory $ COGS $ FIFO LIFO Weighted Average LIFO Reserve relative to FIFO on Ending Inventory Show your work