Assuming a periodic system is in use and using the cost of goods sold above, determine the following: Cost of goods sold and the ending inventory using Specific Identification inventory method: Question 9 options: Specific Identification Perpetual Date Purchases Sales at Cost Inventory Balance 1/1 Beginning Inventory 5 @ $ 20 = $100 Z1-Z5 1/5 2 @ $20 = $ 40 Z2, Z5 3 @ $20 = $60 Z1, Z3, Z4 1/11 9 @ $12=$108 Z6-Z14 3 @ $20 = $60 Z1, Z3, Z4 9 @ $12 =108 Z6-Z14 $168 1/18 Z1, Z3 2 @ $20 = $40 Z6, Z7, Z8, Z9, Z14 5 @ $12 = $60 $100 1 @ $20 = $20 Z4 4 @ $12 =48 Z10-13 $68 Ending Inventory Total COGS $40 + 100 = $140 Specific Identification Perpetual Date Purchases Sales at Cost Inventory Balance 1/1 Beginning Inventory 5 @ $ 20 = $100 Z1-Z5 1/5 2 @ $20 = $ 40 Z2, Z5 3 @ $20 = $60 Z1, Z3, Z4 1/11 9 @ $12=$108 Z6-Z14 1 @ $20 = $30 2 @ $12 = $24 Z1, Z3, Z4 1 @ $20 = $20 8 @ $12 = 96 Z6-Z14 $170 1/18 Z1, Z3 2 @ $20 = $40 Z6, Z7, Z8, Z9, Z14 5 @ $12 = $60 $100 1 @ $20 = $20 Z4 4 @ $12 = 48 Z10-13 $68 Ending Inventory Total COGS $40 + 100 = $140 Specific Identification Perpetual Date Purchases Sales at Cost Inventory Balance 1/1 Beginning Inventory 5 @ $ 20 = $100 Z1-Z5 1/5 2 @ $20 = $40 Z2, Z5 3 @ $20 = $60 Z1, Z3, Z4 1/11 9 @ $12=$108 Z6-Z14 3 @ $20 = $60 Z1, Z3, Z4 9 @ $14 = 126