Lily Company had 100 units in beginning inventory at a total cost of $10,000. The company purchased 200 units at a total cost of $26,000. At the end of the year. Lily had 90 units in ending inventory. (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round average-cost per unit and final answers to O decimal places, e.g. 1,250.) FIFO LIFO Average-cost The cost of the ending inventory The cost of goods soldYour answer is partially correct. Houghton Limited is trying to determine the value of its ending inventory as of February 28, 2027, the company's year-end. The following transactions occurred, and the accountant asked your help in determining whether they should be recorded or not. For each of the transactions below, specify whether the item in question should be included in ending inventory, and if so, at what amount. (a) On February 26, Houghton shipped goods costing $1,200 to a Not Included customer and charged the customer $1.500. The goods were shipped with terms FOB shipping point and the receiving report indicates that the customer received the goods on March 2. (b) On February 26, Crain Inc. shipped goods to Houghton under Included terms FOB shipping point. The invoice price was $650 plus $30 for freight. The receiving report indicates that the goods were received by Houghton on March 2. Houghton had $810 of inventory isolated in the warehouse. Included The inventory is designated for a customer who has requested that the goods be shipped on March 10. (d) Also included in Houghton's warehouse is $790 of inventory Not Included that Korenic Producers shipped to Houghton on consignment. (e) On February 26, Houghton issued a purchase order to acquire Not Included goods costing $950. The goods were shipped with terms FOB destination on February 27. Houghton received the goods on March 2.(f) On February 26, Houghton shipped goods to a customer Included under terms FOB destination. The invoice price was $380; the cost of the items was $250. The receiving report indicates that the goods were received by the customer on March 2. (g) Houghton had damaged goods set aside in the warehouse Not Included because they are no longer saleable. These goods originally cost $600, and Houghton had expected to sell these items for $800