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Nittany Company uses a periodic Inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided

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Nittany Company uses a periodic Inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 1: nts Unita 1,960 Unit Cost $7 Inventory, December 31, prior year For the current years Purchase, March 21 Purchase, August 1 Inventory, December 31, current year 04:2533 5.100 2.910 4,120 9 10 Shipped Book 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 finat answers to nearest whole dollar amount.) FIFO LIFO Average cost Ending inventory Cost of goods sold

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