Amy w Oy Data Table - Quantity Unit Cost 7,000 $ 20.00 Beginning inventory Purchases during year 18,000 $ 24.00 Print Done x Requirements 1. Using the average-cost method, compute the cost of goods sold and ending inventory for the year. 2. Using the FIFO method, compute the cost of goods sold and ending inventory for the year. 3. Using the LIFO method, compute the cost of goods sold and ending inventory for the year. Print Done 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 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. 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 =