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The units of an item available for sale during the year were as follows: There are 20 units of the item in the physical inventory at December 31. Determine the cost of ending inventory and the cost of goods sold by three methods, presenting your answers in the following form: Round your final answers to the nearest dollar. Inventory on the Balance Sheet On the basis of the following data, determine the value of the inventory at the lower of cost or market. Refer to Exhibit 8 for guidance. Assuming that the cost was determined by the fifo method, show how Inventory would appear on the balance sheet. The inventory would appear in the section of the balance sheet as follows: Inventory Inventory by Three Methods The units of an item avallable for sale during the yoar were as follows: There are 45 units of the item in the physical inventory at December 31 . The periodic inventory system is used. Determine the inventory cost under each of the following methods. a. Determine the imventory cost by using the first-in, first-out method. 1 b. Determine the inventory cost by using the last-in; fint-out method. c. Determine the imventory cost by using the weighted average cost method. Round intermediate caleutation to cents then round final answer to the nearest whole dollar. Lower-of-Cost-or-Market Inventory On the basis of the following data, determine the value of the ioventory at the lower of cost or market