Please use the FIFO and LIFO method to calculation the cost of goods sold and ending inventory QUESTION 1 : FIFO Method Company sold 420 units [1] Calculate the Total Units and Total cost of goods available for sale Total Date Beginning 5/2 6/10 7/8 8/15 Total Cost of Goods Available for sale Units 200 100 50 80 90 Unit Cost $ 2.60 3.00 3.50 4.00 4.20 [2] Calculate the Ending Inventory Date Units Unit Cost Total [3] Calculate Cost of Goods Sold Cost of goods available for sale minus ending inventory