Question: 7 Homework Assignment Question 10 (of 13) value: 15.00 points E7-5 Calculating Ending Inventory and Cost of Goods Sold Under FIFO, LIFO, and Av Penn

7 Homework Assignment Question 10 (of 13) value: 15.00 points E7-5 Calculating Ending Inventory and Cost of Goods Sold Under FIFO, LIFO, and Av Penn Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the curre 1: its Unit Cost Inventory, December 31, prior year1,860 $4 For the current year: Purchase, March 21 Purchase, August 1 5,160 2,950 4,110 Inventory, December 31, current year Required Compute ending inventory and cost of goods sold for the current year under FIFO, LIFO, and average cost inventory costi final answers to noarost whole dollar amount) UFO !Average Cost Ending inventory Cost of goods sold Hints References eBook &Resources Hint#1 Ask your instructor a question Check my work

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