Problem 6-67A Inventory Costing Methods Anderson's Department Store has the following data for inventory, purchases, and sales of merchandise for December: Purchase Price Sale Price Activity Units (per unit) (per unit) Beginning inventory $8.00 Purchase 1, Dec. 2 8.80 Purchase 2, Dec. 5 9.05 Sale 1, Dec. 7 $20.00 Sale 2, Dec. 10 20.00 Purchase 3, Dec. 12 9.80 Sale 3, Dec. 14 20.00 Anderson's uses a perpetual inventory system. All purchases and sales were for cash. Required: 1. Compute cost of goods sold and the cost of ending inventory using FIFO. If required, round your answers to the nearest cent. Cost of goods sold Cost of ending inventory 2. Compute cost of goods sold and the cost of ending inventory using LIFO. If required, round your answers to the nearest cent. Cost of goods sold Cost of ending inventory $ 3. Compute cost of goods sold and the cost of ending inventory using the average cost method. (Note: Use four decimal places for per-unit calculations.) Round your answers to the nearest cent. Cost of goods sold Cost of ending inventory Hide 4. Prepare the journal entries to record these transactions assuming Anderson chooses to use the FIFO method. If required, round your answers to the nearest cent