Lafayette Company has the foliowing information related to its inventory account during 2021. On December 31, 2021, a physical count showed that the firm had 9,000 units in ending inventory. Therefore, Therefore, 16,000 units were sold during 2020 \{i.e., 25,000 units from above table minus the 9,000 units from the physical count). Answer the following questions (you must show your work and put your answer in the boxes provided), 1. Calculate the dollar amount for ending inventory that would be reported on the December 31, 2021 balance sheet using the LIFO (last-in, first-out) method. end imy cogs 2. Calculate the dollar amount for cost of goods sold that would be reported on the 2021 income statement using the FIFO (first-in, first-out) method, end inv 3. Using your answers from above, calculate the inventory turnover for Latayette Company for 2021. inventory = Costs of Goods sold / irwentory