Madison Outlet has the following inventory transactions for the year: Date January 1 March 14 Numbers of Units Transaction Beginning inventory Purchase 10 15 January 1 to December 31 Total sales to customers 1. What amount would Madison report for Cost of Goods Sold using FIFO? 2. What amount would Madison report for ending inventory using FIFO? 3. What amount would Madison report for Cost of Goods Sold using LIFO? 4. What amount would Madison report for ending inventory using LIFO? 5. What amount would Madison report for Cost of Goods Sold using weighted-average cost? 6. What amount would Madison report for ending inventory using weighted-average cost? Please show your steps of calculations. 12 Unit Cost Total Cost $200 $2,000 300 4,500 $6,500