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High Life Company's inventory records for its retail division show the following at January 31 : (Click the icon to view the accounting records.) At January 31, 10 of these units are on hand. Read the Requirement 1. Compute cost of goods sold and ending inventory, using each of the following four inventory methods: Begin by entering the number of units sold and number of units in ending inventory. Then calculate cost of goods sold and ending inventory using (a) specific identification cent. Round all final answers to the nearest whole dollar.) Data table Requirement 2. Which method produces the highest cost of goods sold? Which method produces the lowest cost of goods sold? What causes the difference in cost of goods sold? Which method produces the highest cost of goods sold? Which method produces the lowest cost of goods sold? The difference in cost of goods sold under the two methods identified above was caused by Ontario Company's inventory records for its retail division show the following at March 31 : (Click the icon to view the accounting records.) At March 31, 11 of these units are on hand. Read the requirements. Requirement 1. Compute cost of goods sold and ending inventory, using each of the following four inventory methods: cent. Round all final answers to the nearest whole dollar.) Data table Requirements 1. Compute cost of goods sold and ending inventory, using each of the following methods: a. Specific identificatic b. Average cost c. FIFO d. LIFO 2. Which method produces the highest cost of goods sold? Which method produces the lowest cost of goods sold? What causes the difference in cost of goods sold