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Spencer Company's inventory records for the most recent year contain the following data: (Click the icon to view the data.) Spencer Company sold a total

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Spencer Company's inventory records for the most recent year contain the following data: (Click the icon to view the data.) Spencer Company sold a total of 18, 100 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.) Average-cost method cost of goods sold = Average-cost method ending inventory - Requirement 2. Using the FIFO method, compute the cost of goods sold and ending inventory for the year. Data table FIFO method cost of goods sold = FIFO method ending inventory Requirement 3. Using the LIFO method, compute the cost of goods sold and ending inventory for the year. LIFO method cost of goods sold = LIFO method ending invetory - Beginning Inventory Purchases during year Quantity Unit Cost 2,000 $ 4.00 18,000 6.00 Print Done

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