Sheldon Company's inventory records for the most recent year contain the following data: (Click the icon to view the data.) Sheldon Company sold a total of 19,200 units during the year. Read the requirements. Requirement 1. Using the average-cost method, compute the cost of goods sold and ending inventory for the year. (Round the average cost per unit to the nearest cent.) Data Table Average-cost method cost of goods sold = $ 291,840 Average-cost method ending inventory = $ 12,160 Requirement 2. Using the FIFO method, compute the cost of goods sold and ending inventory for the year. FIFO method cost of goods sold = FIFO method ending inventory = Beginning inventory Purchases during year Quantity Unit Cost 8,000 $ 14.00 12,000 $ 16.00 Print Done