NAME PROBLEM 1 (15 Points) One of the products sold by American Supply Company is a one inch brass pipe. The company purchases these pipes several times during the year and sells the item daily. Listed below is the relevant inventory information. Number Of Cost Total per Units Unit Cost Inventory, January 1... March 1 purchase.... June 1 purchase..... September 15 purchase.. 4,000 $ 5.89 $ 23,560 5,150 6.20 31,930 6,200 6.60 40,920 4,800 6.80 32,640 December 16 purchase... 4.850 7.00 33.950 Goods available for sale 25,000 163,000 Units sold during the year 20,000 Inventory, December 31 5,000 Instructions: In the space below, compute the cost of the ending inventory and cost of goods sold under the following inventory assumptions: a. First-in, first out (FIFO) b. Last-in, first-out (LIFO) C. Weighted average