Question 11 View Policies Current Attempt in Progress Marigold Sports began operations on January 2, 2020. The following stock record card for footballs was taken from the records at the end of the year. Date Voucher Terms 1/15 10624 Net 30 3/15 11437 15. net 30 6/20 21332 1/10.net 30 9/12 27644 1/10.net 30 11/24 31269 1/10.net 30 Totals Units Unit Invoice Received Cost 54 $23 69 19 94 17 88 14 80 13 385 Gross Invoice Amount $1.242 1.311 1598 1.232 1.040 $6,423 A physical inventory on December 31, 2020, reveals that 111 footballs were in stock. The bookkeeper inform you that all the discounts were taken. Assume that Marigold Football Shop uses the invoice price less discount for recording purchases. Compute the December 31, 2020, inventory using the FIFO method. (Round per unit and final answer to 2 decimal paces, es 35.57) Ending Inventory using the FIFO methods eTextbook and Media Compute the 2020 cost of goods sold using the LIFO method. (Round per unit and final answer to 2 decimal poces, eg. 35.57.) Cost of Goods Sold using the LIFO methods eTextbook and Media What method would you recommend to the owner to minimize income taxes in 2020, using the inventory information for footballs as a guide? eTextbook and Media