Course Modules: ACTO 612 (Fall 2 S Samsung Galaxy Watch Active2 Lecture 7 free cash flow : Panopto mework M Connect Saved 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 1,850 $5 Inventory, December 31, prior year For the current year: Purchase, March 21 Purchase, August 1 Inventory, December 31, current year 6,030 4,030 2,980 4 2 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 $ $ 5,950 $ 35,470 $ 13.770 27,660