Oriole Sports began operations on January 2, 2020. The following stock record card for footballs was taken from the records at the end of the year. Units Received Unit Invoice Cost Date Voucher 1/15 10624 3/15 11437 6/20 21332 9/12 27644 11/24 31269 Totals Terms Net 30 1/5, net 30 1/10, net 30 1/10, net 30 1/10, net 30 85 110 104 96 465 Gross Invoice Amount $2,100 2,040 2,420 1,872 1.536 $9,968 A physical inventory on December 31, 2020, reveals that 114 footballs were in stock. The bookkeeper informs you that all the discounts were taken. Assume that Oriole Football Shop uses the invoice price less discount for recording purchases. Compute the December 31, 2020, inventory using the FIFO method. (Round per unit and final answer to 2 decimal paces, e.g. 35.57.) Ending Inventory using the FIFO method $ Compute the 2020 cost of goods sold using the LIFO method. (Round per unit and final answer to 2 decimal paces, e.g. 35.57.) Cost of Goods Sold using the LIFO method $ e Textbook and Media What method would you recommend to the owner to minimize income taxes in 2020, using the inventory information for footballs as a guide? FIFO LIFO k and Media