Required 1a. Compute Cost of Goods Sold under each method of inventory: average cost, FIFO, LIFO, and specific identification. For specific identification, assume that the first sale was selected from the beginning inventory and the second sale was selected from the January 12 purchase. Assume that the company uses periodic inventory system. (Round unit price to 2 decimal places. Input all amounts as positive values.) Average Cost Cost of Good Available for Sale Cost of Goods Sold Cost of cost per Units Cost per Goods Goods Unit Available Sold for Sale # of Units | # of units cost per Unit Sold Beginning inventory Purchases: January 12 January 26 Total FIFO Cost of Goods Available for Sale Cost of Goods Sold Cost of Goods Unit Available Sold for Sale Cost of Goods Sold Cost per | # of Units Cost per Unit # of Units Beginning inventory Purchases: January 12 January 26 Total LIFO Cost of Goods Available for Sale Cost of Goods Sold Cost of Goods Available for Sale Cost of Cost per Unit f Units Cost per Goods Unit | # o # of Units Sold Sold Beginning inventory Purchases January 12 January 26 Total Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Cost of Goods Unit Available Sold for Sale Cost of Units Cost per Goods #Of Units Cost per | # of Unit Sold Beginning inventory Purchases January 12 January 26 Total