CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 17 Incorrect Mark 0.00 out of 6.00 P Flag question Inventory Costing Methods-Perpetual Method The Gleem Sales Corporation uses the perpetual inventory system. O A summary of purchases and sales during 2015 follows: n January 1, 2015, Gleem had 2,600 units of product B with a unit cost of $40 per unit. Unit Units Units Cost Purchased Sold Jan. 3 Mar. 8 June 13 1,600 $44 3,000 2,000 Sept. 19 46 Nov.23 48 1,200 Dec.28 800 1,800 Required a. Assume that Gleem uses the first-in, first-out method. Compute the cost of goods sold for 2015 and the ending inventory balance at December 31, 2015, for product B. b. Assume that Gleem uses the last-in, first-out method. Compute the cost of goods sold for 2015 and the ending inventory balance at December 31, 2015, for product B. c. Assume that Gleem uses the weighted-average cost method. Compute the cost of goods sold for 201S and the ending inventory balance at December 31, 2015, for product B. Do not round until your f answers. Round to the nearest dollar. a. First-In, First-Out Ending Inventory Cost of goods Sold a. First-In, First-Out Ending Inventory $ Cost of goods Sold b. Last-In, First-Out Ending Inventory Cost of Goods Sold $ c. Weighted Average 0 X Ending Inventory Cost of Goods Sold Check