Part 2: During 2023, Waystar Royco sold 31,000 units of its product. The following units were on hand or purchased during the year Units Cost per Total Cost Beginning inventory (1/1/2023) 7,000 $14.50 $101,500 Purchase #1: (3/2/23) 12,000 $14.90 $178,800 Purchase #2: (7/15/23) 20,000 $14.00 $280,000 Purchase #3: (11/31/23) 11,000 $13.75 $151.250 Total Available for Sale 50,000 $711,550 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. 7. If the company used the FIFO method, what is the value of ending inventory and cost of goods sold? Ending Inventory: Cost of Goods Sold: 8. 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: 9. 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 - $18.7910) Average Cost per unit = Ending Inventory: Cost of Goods Sold: