Ron Company's inventory records for its retail division show the following at October 31: (Click the icon to view the accounting records.) At October 31,8 of these units are on hand. Read the requirements. Requirement 1. Compute cost of goods sold and ending inventory, using each of the following four inventory methods: - X 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 identification, 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.) A Requirements Number Data Table of units Cost of goods sold 1. Compute cost goods sold and ending inventory, using each of the following Ending inventory methods: Oct 1 Beginning inventory... 4 units @ $ 150 = $ 600 a. Specific identification, with two $150 units and six $160 units still on hand 15 Purchase 5 units @ 151 = $ 755 at the end 26 Purchase 11 units @ 160 = $ 1,760 b. Average cost c. FIFO Enter any number in the edit fields and the d. LIFO Print Done 2. Which method produces the highest cost of goods sold? Which method 7 parts produces the lowest cost of goods sold? What causes the difference in cost of remaining goods sold