R. 5. Tea Company uses the periodic inventory system. On January 1. it had a beginning inventory of 192 tins of tea at a cost of $23 per tin. During the year, it made the following purchases of tins of tea: 0 March 15: 217 tins of tea at $29 per tin - May 29: 239 tins of tea at $26 per tin . September 22: 252 tins of tea at $32 per tin On December 31, a physical count reveals there are 140 tins of tea in its inventory. QUESTIONS: 1. if R. 5. Tea Company used LIFO for inventory costing. what is its cost of goods sold and ending inventory for the year? (2 points) 2. If R. S. Tea Company used FiFO. what is its cost of goodsvsold and ending inventory for the year? {2 points) 3. If R. S. Tea Company used the average cost method, what is its cost of goods sold and ending inventory for the year? Round your average cost per unit to the nearest cent. (2 points)