Cranwell Company's inventory records for a particular development program show the following at May 31 (click the icon to view the accounting records.) At May 31, 10 of these programs are on hand. Requirements 1. Compute cost of goods sold and ending inventory, using each of the following methods: 6 units$ 150-$ 900 4 units 151- 604 14 units @ 160=$2.240 15 Purchase 26 Purchase a. Specific unit cost, with five $150 units and five $160 units still on hand at the end b. Average cost c. First-in, first-out d. Last-in, first-out Print Done 2. Which method produces the highest cost of goods sold? Which method produces the lowest cost of goods sold? What causes the