LO 2 E6-19A. (Learning Objective 2: Apply the average, FIFO, and LIFO methods) Selma Com- pany's inventory records for the most recent year contain the following data: A1 A B 1 2 3 4 Beginning inventory Purchases during year Quantity Unit Cost 4,000 $ 8.00 16,000 $ 12.00 Selma Company sold a total of 18,500 units during the year. Requirements 1. Using the average-cost method, compute the cost of goods sold and ending inventory for the year. 2. Using the FIFO method, compute the cost of goods sold and ending inventory for the year. 3. Using the LIFO method, compute the cost of goods sold and ending inventory for the year