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 unit cost, then (b) average cost, then (c) FIFO, and finally (d) LIFO. (Round the average cost per unit to the nearest cent. Round all final answers to the nearest whole dollar.) Data Table Number of units 12 FIFO LIFO Specific unit cost 14 19 Average cost 19952082 1488 Cost of goods sold Jul 1 Beginning inventory.. .. 6 units 5 units 166- S 830 10 units175S1,750 1575 165 S 990 15 Purchase Requirement 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? 26 Purchase Enter any number in the edit fields and then continue to the next question. PrintDone