S Help Save & Eat Sutih 2 Check my wore E7.5 (Algo) Calculating Ending Inventory and Cost of Goods Sold Under FIFO, LIFO, and Average Cost LO7-2 12.5 port Nittany Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current yes, the accounting records provided the following information for product t: Unita 1.840 a Cost 55 Inventory, December 31. prior year for the current years Purchase, March 21 Purchase, August 1 Inventory. December 31, current year 8 Book 5.180 2.860 4.200 Hint Required: Compute ending inventory and cost of goods sold for the current year under FIFO, LIFO, and average cost inventory costing methods. (Round "Average cost per unit" to 2 decimal places and final answers to nearest whole dollar amount) rences FEFO LIFO Average Cost Ending Inventory Cost of goods sold E7-5 (Algo) Calculating Ending Inventory and Cost of Goods Sold Under FIFO, LIFO, and Average Cost LO7-2 Nittany Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 1: Units 1,840 Unit Cost $6 Inventory. December 31, prior year For the current years Purchase, March 21 Purchase, August 1 Inventory. December 31, current year 5,180 2,860 4,200 Required: Compute ending inventory and cost of goods sold for the current year under FIFO, LIFO, and average cost inventory costing methods. (Round "Average cost per unit" to 2 decimal places and final answers to nearest whole dollar amount.) FIFO LIFO Average Cost Ending Inventory Cost of goods sold