Question Help E6-17A (book/static) Griffin Company's inventory records for its retail division show the following at December 31 (Click the icon to view the accounting records) At December 31, 11 of these units are on hand Read the requirements - 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 identification, then (b) average cost, then @FIFO and finally [LIE (Round the average cost punt to the nearest cont. Round all final answers to the neare whole dollar) Requirements Number D of units Cost of goods sold 1. Compute cost of goods sold and ending inventory, using each of the following Ending inventory methods a. Specific identification with seven $165 units and four $175 units still on hand at the end b. Average cost C. FIFO d. LIFO 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? Print Enter any number in the edit fields Done ng records.) n hand s sold and ending inventory, using each of the following four inventory methods old and number of units in ending inventory. Then calculate cost of goods sold and ending inventory us n (c) FIFO and finally d) LIFO. (Round the average cost per unit to the nearest cent Round all final ar 0 Data Table 9 units @ $ 165 = $ 1 485 Dec 1 Beginning inventory.. 15 Purchase 26 Purchase 166 = $ 830 5 units @ 13 units @ 175 = $ 2,275 Print Done nd then click Check