Penn Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 1:

Penn Company uses a periodic inventory system. At the end of the annual accounting period. December 31 of the current year the accounting records provided the following information for product 1 Unit cost Units Inventory, December 31, prior year 970 5 For the current year. 5.160 Purchase, March 21 2.980 Purchase, August 1 Inventory, December 31, current 4,070 year Required: Compute ending inventory and cost of goods sold forthe current year under FlFO, LIFO, and average cost inventory costing methods. (Round "Average cost per unit" to 2 decimal places and final answers to nearest whole dollar amount.) LIFO FIFO Average Cost Ending inventory Cost of goods sold