Requirements 1 & 2

Requirement 1. Compute cet of gouds sold and ending inventory, using each of the following four inventory methods Begin by entering to the number of units edld and number of units in ending inventory. Then cabulate os of goods sold and ending inventory using a specificiderification, then I everage coel, then to FIFO, and finally I LIFO. Round the everage cost per unit to the nearest cont. Round all final answers to the rest whole dollar) Number of units Coat of gocce sold - X Ending inventory Data Table Requirements Jan 1 Beginning inventory 15 Purchase 26 Purchase 10 units 3 160 - $ 1.600 5 units 161 = S BOS 14 unita 170 = 5 2.380 1. Compute cost of goods sold and ending Inventory, using each of the following methods a. Specific identification with seven $100 units and four $170 units slil un hand at the end I). Average coat C. FIFO d. LIFO 2 Which revod produces the highest sous of yoods volu? Which method produces the lowest cost of goods solc? What causes the difference in cost of goods sold? Print Done Print Done