Save Help Save & Exit S Check my w E7-6 (Algo) Calculating Ending Inventory and Cost of Goods Sold Under FIFO, LIFO, and Average Cost L07-2 Hamilton 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 : Unita 1,060 Unit Cont 55 Inventory, December 31, prior year Tor the current year Purchase, March 21 Purchase, August 1 Inventory, December 31, current year 4 6,040 4,160 2,870 Required: Compute ending inventory and cost of goods sold under FIFO, LIFO and average cost inventory costing methods. (Round "Average cost per unit" to 4 decimal places and final answers to nearest whole dollar amount.) FIFO LIFO Average Cost Ending inventory Cost of goods sold