hapter 7 Homework i Help Save & Exit Submit Check my work Nittany 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 Dints Inventory. December 31, prior year For the current year: Purchase, March 21 Purchase, Augusti Inventory, December 31, current year Required: Compute ending inventory and cost of goods sold for the current ye ar under FIFO, LIFO, and average cost inventory costing methods FIFOR LIFO Average Cost Ending inventory Cost of goods sold