Nittany Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the mccounting records provided the following information for product 1: Unite Inventory, December 31, prior year 1,860 Unit Cost $6 For the current year Purchase, Karch 21 5,130 Purchase, August 1 2,910 Inventory, December 31, current year 4,040 Required: Compute ending inventory and cost of goods sold for the current year under FIFO, LIFO, and average cost inventory costing methods. Round "Average cost per unit" to 2 decimal places and final answers to nearest whole dollar amount.) Ending inventory $ Cost of goods sold FIFO 35.230 43,160 $ LIFO Average Cost 28,000 $ 31.989 49,790 5 46,401