Calculating Inventory Quantities and Cost Reflect (5 points) Answer the questions about calculating inventory quantities and costs. 1. What are the perpetual and periodic methods of inventory accounting, and how are they different? (2 points) Space used(includes formatting): 0 / 30000 2. How are inventory and stock records and point-of-sale terminals used under these two methods? (1 point) Space used(includes formatting): 0 / 30000 3. Describe four methods of calculating inventory costs, and the advantages and disadvantages of each. (2 points) Space used(includes formatting): 0 / 30000 Analyze (10 points) Analyze the methods of calculating quantities and costs based on different scenarios. 1. Young's Computer Software is a huge company that sells thousands of dollars' worth of stock per day. Each day, Young's ships hundreds of orders throughout the United States. The company has a reputation in the industry for always having the items it advertises in stock. a. What method of calculating inventory quantities should Young's Computer Software use? (1 point) Space used(includes formatting): 0 / 30000 b. Why is this method the be