Sheridan Sports began operations on January 2, 2020. The following stock record card for footballs was taken from the records at the end of the year Date 1/15 3/15 6/20 9/12 11/24 Voucher 10624 11437 21332 27644 31269 Totals Terms Net 30 1/5, net 30 1/10, net 30 1/10, net 30 1/10, net 30 Units Received 57 72 97 91 83 Unit Invoice Cost $24 20 18 15 13 Gross Invoice Amount $1,368 1.440 1.746 1.365 1.079 $6.998 400 A physical inventory on December 31, 2020 reveals that 114 footballs were in stock. The bookkeeper inform you that all the discounts were taken. Assume that Sheridan Football Shop uses the invoice price less discount for recording purchases Compute the December 31, 2020, inventory using the FIFO method. Round per unit and final answer to 2 decimal pe 35.57.0 Erding Investory sing the FIFO method $ eTextbook and Media Compute the 2020 cost of goods sold using the LIFO muthed (Round per unit and finanswer to 2 decimal 3557) Cost of Goods Sold using the UFO method $ e Textbook and Media What method would you recommend to the owner to minimize income taxes in 2020. uning the inventory information football sapide eTextbook and Media