Question: Can you please show your work and how you got each of the values. Thank you Hamilton Company uses a periodic inventory system. At the

Can you please show your work and how you got each ofCan you please show your work and how you got each of the values. Thank you

Hamilton Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 1: Units Unit Cost $7 1,960 Inventory, December 31, prior year For the current year: Purchase, March 21 Purchase, August 1 Inventory, December 31, current year 6,040 4,180 2,960 6 4 Required: Compute ending inventory and cost of goods sold under FIFO, LIFO, and average cost inventory costing methods. (Round "Average cost per unit" to 4 decimal places and final answers to nearest whole dollar amount.) FIFO LIFO Average Cost Ending inventory Cost of goods sold

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