o Ron Company's inventory records for its rotation show the following July 3 nick the icon to www the accounting records) At July 31, 10 of these units are on hand Read the requirements Requirement 1. Compute cost of goods sold and ending inventory using each of the following four inventory methode baotlying Specite identification 10 is on the mentory court at se end of the month found thu 5 units from Jue 1 und 5 unta from Ju 28 ware still on the shelves at Ron Company's storm Megin by entering tomber of units old and number of units in ending inventory. The calculate cost of goods hold and ending inventory using a specification, the average cost to and finally LIFO. (Round Iverage cost per unit to the nearest Hound alle answer to the nearest while doar Number (3) (al d) Specific identification Average.com FO LIFO Cost of good old Ending inventory Requirement 2 Wich method produces the right cost of goods sok? Which metod produces the lowest cost of goods som? What causes the difference in cost of goods sold? Which method poco the highest cost of goods sol Which method produces the cost of goods sold? The difference in cost of goods sold under the two methode identified above was caused by Enter any number in the edit fields and the continue to the next question using each of the following four inventory methods. unta still on the i Data Table endir pecific ider und ) 6 units @ $ 150 = $ 900 Jul 1 Beginning inventory.. 15 Purchase .. 4 units @ 151 = $ 604 26 Purchase .. 14 units @ 160 = $ 2,240 s sold Print Done ed above was caused by