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i Requirements OS 1. Compute cost of goods sold and ending inventory, using each of the following methods: a. Specific identification, with three $165 units and six $175 units still on hand at the end b. Average cost C. FIFO d. LIFO 2. Which method produces the highest cost of goods sold? Which method produces the lowest cost of goods sold? What causes the difference in cost of goods sold? Print Done th Tous and On On On Town i Data Table - a (c) FIF 6 units @ $ 165 = $ 990 Jul 1 Beginning inventory.... 15 Purchase ... 5 units @ 166 = $ 830 26 Purchase ... 10 units @ 175 = $ 1,750 Print Done Ontario Company's inventory records for a real division show the following at Click the icon to view the accounting records) At July 31, of these units are on hand Read the requirements Requirement 1. Compute cost of goods sold and ending inventory, using each of the following four inventory methods Begin by entering the number of its sold and number of units in ending inventory. Then calculate cost of goods sold and ending inventory using a specific identification, then by average cost then (FFO, and finally id) LIFO (Round the average cost per unit to me nearest cont. Round al final as to the whole of Number of units Cost of goods sold Ending inventory