One of the products sold by American Supply Company is a one inch brass pipe. The company purchases these pipes several times during the year and sells the item daily. Listed below is the relevant inventory information. Number Cost Total of per Units Unit Cost Inventory, January 1 March 1 purchase. June 1 purchase.. September 15 purchase. December 16 purchase.. Goods available for sale Units sold during the year Inventory, December 31 Instructions: 4,000 5,150 6,200 4,800 4,850 25,000 19.000 6,000 S 5.89 $ 23,560 6.20 31,930 6.60 40,920 6.80 32,640 7.00 33.950 163,000 In the worksheet provided, compute the cost of the ending inventory and cost of goods sold under the following inventory assumptions: a. b. c. First-in, first out (FIFO) Last-in, first-out (LIFO) Average Cost