Marigold Sports began operations on January 2, 2020. The following stock record card for footballs was taken from the records at the end of the year. Units Received Date 1/15 Voucher 10624 Unit Invoice Gross Invoice Cost Amount $ 1.242 54 $ 23 3/15 11437 69 19 1,311 Terms Net 30 1/5, net 30 1/10, net 30 1/10, net 30 1/10, net 30 6/20 21332 94 17 1,598 9/12 27644 88 14 1.232 11/24 31269 80 13 1,040 $6,423 Totals 385 A physical inventory on December 31, 2020, reveals that 111 footballs were in stock. The bookkeeper informs you that all the discounts were taken. Assume that Marigold Football Shop uses the invoice price less discount for recording purchases. Compute the December 31, 2020, inventory using the FIFO method. (Round per unit and final answer to 2 decimal paces, e.g. 35.57.) Ending Inventory using the FIFO method $ Attempts: 1 of 15 used Submit Answer Save for Later Last saved 1 minute ago. Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes. Compute the 2020 cost of goods sold using the LIFO method. (Round per unit and final answer to 2 decimal paces, e.g. 35.57.) Cost of Goods Sold using the LIFO method $ What method would you recommend to the owner to minimize income taxes in 2020, using the inventory information for footballs as a guide