Please explain how to Compute cost of goods sold and endinginventory, using each of the following four inventorymethods:

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) specificidentification, then(b) averagecost, then(c) FIFO, and finally(d) LIFO. (Round the average cost per unit to the nearest cent. Round final answer to the nearest wholedollar.)

Ron Company's inventory records for its retail division show the following at August 31:

At August 31, 9 of these units are on hand.

Aug 1 Beginning inventory. . . . 6 units @ $165 = $990

15 Purchase. . . . . . . . .5 units @166=$830

16 Purchase. . . . . . . . . . .10 units @ 175 = $1,750

Number of units

Cost of goods sold___________

Ending inventory _____________