FAZ Tutorial 3 Ons- Financial Accounting 2-Tutorial 3 lowa Company is a multi-product firm. Presented below is information concerning one of its products, the Hawkeye. DateTransaction 1/1 Beginning inventory 2/4 Purchase 2/20 Sale 4/2 Purchase 4/11 Sale Quantity 1,000 2,000 2,500 3,000 2,000 Price/Cost 18 30 23 Required: Calculate the cost of goods sold and closing inventory valuation using FIFO, LIFO and WAC. 2. Gerry Gallagher has recently set upin business sling plastictoys. The transactions for his first month of trading are: 1 April 3 April 7 April 14 April 20 April 27 April Bought 500 toys at E1.50 each Sold 250 toys at E2.50 eacho Bought 1,000 toys at E1.40 each Sold 600 toys at 2.60 each Sold 300 toys at 2.70 each Bought 1,050 toys at 1.62 each rs ynu to hele him to value his closing inventory. He has heard