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Dave Inc.'s inventory record for a particular development program show following at May 31. (Click the icon to view the accounting records) At May 31, 8 of these programs are on hand. Requirements 1. Compute cost of goods sold and ending inventory, using each of the following methods: a. Specific unit cost, with two exist165 units and six exist175 units still on hand at the end b. Average cost c. First-in first-out d. Last-in, first-out 2. Which method produces the highest cost of goods sold? Which method produces the lowest cost of goods sold? What causes the difference in cost of goods sold? Requirement 1. Compute cost of goods sold and ending inventory using each of the following four inventory methods: Begin by entering the number of units sold and number of units in ending inventory. Then calculate cost of goods sold and ending inventory using (a) specific until cost then (b) average cost, then (c) FIFO, and finally (d) LIFO. (Round the average cost per unit to the nearest cent Round all final answers to the nearest whole dollar.) Number of units Cost of goods sold _____ Ending inventory ______