Ken Company's inventory records for its retail division show the following at December 31 (Click the icon to view the accounting records.) At December 31, 8 of these units are on hand. Read the requirements Requiremen 1. Compute cost of goods sold and ending inventory, using each of the following four inventory methods: Begin by entering the number of units sold and number of units in ending inventory. Then calculate cost of goods sold and ending inventory using (a) specific identification, then (b) average cost, then (c) FIFO, and finally (d) LIFO. (Round the average cost per unit to the nearest cent. Round all final answers to the nearest whole dollar.) Number Requirements of units Cost of goods sold Ending inventory i Data Table 1. Compute cost of goods sold and ending inventory, using each of the following methods: a. Specfic identification, with to $150 units and sx $160 units still on hand 4 units S 150-600 5 units @ 151=$ 755 1 units160$1,760 Dec 1 Beginning inventory t the end b. Average cost c. FIFO d. LIFO 15 Purchase 26 Purchase 2. Which method produces the highest cost of goods sold? Which method produces the lowest cost of gcods sold? Wnat causes the cifference in cost of goods sold? Print Done Print Done