Part 2: During 2014, Smith & Co. sold 42,000 units of its product. The following units were on hand or purchased during the year Units 12,000 16,000 17,000 15,000 60,000 Cost per Total Cost $181,200 $244,000 5263,500 15.75 $236 250 $924,950 Beginning inventory (1/1/2016) Purchase #1: (2/2/16) Purchase #2: (6/15/16) Purchase #3: (10/31/16) 515.10 $15.25 $15.50 Total Available for Sale Less Sold Ending Inventory Required In the table above, fill in the number of units sold and the number of units in Ending Inventory. Calculate ending inventory and cost of goods sold for the next 3 questions. 1) lf the company used the FIFO method, what is the value of ending inventory and cost of goods sold? Ending Inventory: Cost of Goods Sold: | 2) If the company used the LIFO method, what is the value of ending inventory and cost of goods sold? Ending Inventory Cost of Goods Sold: 3) If the company used the average cost method, what is the value of ending inventory and cost of goods sold? Please round your calculated average cost per unit to 4 decimals (example $18.7915) Average Cost per unit i Ending Inventory Cost of Goods Sold