Number Extravaganza 2 Fundamentals of Accounting uring the first quarter of 2020. Hobbit Company sold 5.000 pairs of sun glasses for a total of $120,000. The following information is also available: Beginning Inventory: Purchases: 2,000 pairs at 8.00 per pair = 16,000 4,500 pairs at 9.00 per pair = 40,500 2,000 pairs at $10.85 per pair = $21,700 Compute the following. Show your work in the space provided. (12 points) Weighted Average FIFO LIFO Ending Inventory Cost of Goods Sold SA SA SPACE FOR SHOWING NEATLY LABELED WORK! IGNORE THIS SPACE AT YOUR OWN RISK! ED: 2000