ROBLEM VI Edwards Sporting Goods began operations February 1, 2002. Edwards sells footballs to high schools and colleges throughout the country The company uses a periodic system. A summary of inventory records for the moth of February appears below Inventory Records-Footballs 30,000 22,560 20,490 3/10, net 30 February 2 February 1745550 February 26 net 30 210, net 800 600 All footballs are sold for $47.50. Edwards takes all discounts that are offered and uses the net method for recording purchases. On February n8, 560 footballs were on hand. 1) Compute the ending inventory cost under FIFO. 2) Compute the ending inventory cost under LIFO 3) Compute the ending inventory cost under AVERAGE