need help solving and understanding FIFI/LIFO

4 McGraw-Hill Connect X Connect X C Nittany Company Uses A Periodic X C Nittany Company Uses A Periodic X 12.2 The Quantity Theory of Mon X + X ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmheproducts%252FilmsCloseWind... G Apps @ Using MIS: Chapter.. Midterm 1 X105 Fla... Chapter 7 Connect Homework i Saved Help Save & Exit Submit 3 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 1: 16.66 Units Unit Cost points Inventory, December 31, prior year 1, 890 $4 For the current year: Purchase, March 21 5, 110 Purchase, August 1 6 2 , 940 Inventory, December 31, current year 4, 160 Book Required: Compute ending inventory and cost of goods sold for the current year under FIFO, LIFO, and average cost inventory costing methods. (Round "Average cost per unit" to 2 decimal places and final answers to nearest whole dollar amount.) FIFO LIFO Average Cost Ending inventory Cost of goods sold Mc Graw Education Type here to search O Eli 23 9 cls 6:30 PM 10/9/2020