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High Life Company's inventory records for its retail division show the following at October 31...

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Accounting

High Life Company's inventory records for its retail division show the following at October 31 :
(Click the icon to view the accounting records.)
At October 31,8 of these units are on hand.
Read the requirements.
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.)
\table[[,Number,(a),(b),(c),(d)],[,of units,Specific identification,Average cost,FIFO,LIFO],[Cost of goods sold,,,2037,1995,2073],[Ending inventory,,,,1400,1322]]
Requirement 2. Which method produces the highest cost of goods sold? Which method produces the lowest cost of goods sold?
What causes the difference in cost of goods sold?
Which method produces the highest cost of goods sold?
Which method produces the lowest cost of goods sold?
WHATS THE SPECIFIC IDENT! THATS ALL
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