Limerick Inc. inventory records for a particular development program show the following at May 31, 2020 (Click the icon to view the inventory records.) Limenck uses the perpetual inventory system Requirements 1. Compute cost of goods sold and ending inventory, using each of the following methods a. Specific unit cost, with two $145 units, three $150 units, and five $155 units still on hand at the end b. Weighted average cost c. First-in, first-out cost 2. Which method would be most relevant to producing the highest net income? Why? Requirement 1a. Compute cost of goods sold and ending inventory using the specific unit cost method, with two $145 units, three $150 units, and five $155 units still on hand at the end (Enter '0' in fields with a value of zero.) Cost of Goods Sold Ending Inventory Inventory records units $145 580 2 units @ $146 290 Sunits @ 150 750 3 units @ 150 450 units 156 155 775 5 units @ 155 May 1 Beginning inventory 6 units @ 145-$870 1485 1515 15 Purchase 150 1.500 25 Purchase Cunts 165 930 At May 31, ten of these programs are on hand Print Done SISEASE