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Nittany Company uses a periodic inventory system. At the end of the annual accounting period, December 31 or 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 or the current year, the accounting records provided the following information for product Units Unit Cost Inventory, December 31, prior year 1,850 For the current years Purchase, March 21 Purchase, August 1 Inventory, December 31, current year 4,140 5.7 5,110 2.860 9 10 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.) FIFO LIFO Average Cost Ending Inventory Cost of goods sold

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