Question 1: The following information is available for Clancy Company: Assume that Clancy uses a periodic inventory system and that there are 760 units left at the end of the month. Instructions A. Compute each of the following under the FIFO method: a. Cost of ending inventory. b. Cost of goods sold. B. Compute each of the following under the average-cost method: a. Cost of ending inventory. b. Cost of goods sold