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Ron Company's inventory records for its retail division show the following at December 31: (Click the icon to view the accounting records.) At December 31, 10 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: 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, then (b) average cost, then (c) FIFO, and finally (D) LIFO. (Round the average cost per unit to the nearest cent. Round all final answers to the nearest whole dollar.) Number of units Cost of goods sold Data Table Ending Inventory Dec 1 Beginning Inventory 7 units @ $165 $1,155 Dec 15 Purchase 5 units @ $166 = $830 Dec 26 Purchase 11 units @ $175 = 51.925 Print Done Ron Company's inventory records for its retail division show the following at December 31: (Click the icon to view the accounting records.) At December 31, 10 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: 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, then (b) average cost, then (c) FIFO, and finally (D) LIFO. (Round the average cost per unit to the nearest cent. Round all final answers to the nearest whole dollar.) Number of units Cost of goods sold Data Table Ending Inventory Dec 1 Beginning Inventory 7 units @ $165 $1,155 Dec 15 Purchase 5 units @ $166 = $830 Dec 26 Purchase 11 units @ $175 = 51.925 Print Done