Requirements 1. Compute cost of goods sold and ending inventory, using each of the following methods: a. Specific identification, with seven $160 units and four $170 units still on hand at the end b. Average cost c. FIFO d. LIFO 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? Data table Beginning inventory 10 units @ $160 = $1,600 Purchase May 1 May 15 May 26 Purchase 5 units @ $161 = $805 14 units @ $170 = $2,380 - Read the of units Cost of goods sold 18 Ending inventory 11 Specific identification 2970 1815 Help me solve this Etext pages ... Get more help - Clea