LO 4 FIFO Method: Perpetual Inventory System LO4 SE8. Using the data in SE2, calculate the cost of ending inventory and cost of goods sold according to the FIFO method under the perpetual inventory system. LIFO Method: Perpetual Inventory System SE9. Using the data in SE2, calculate the cost of ending inventory and cost of goods sold according to the LIFO method under the perpetual inventory system. LO2 the flow of costs. Specific Identification Method SE2. Assume the following data with regard to inventory for Vegan Company: Aug. 1 Inventory 40 units @ $10 per unit $ 400 8 Purchase 50 units @ $11 per unit 550 22 Purchase 35 units @ $12 per unit 420 Goods available for sale 125 units $1,370 Aug. 15 Sale 45 units 28 Sale 25 units LO 2 Inventory, Aug. 31 55 units Assuming that the inventory consists of 30 units from the August 8 purchase and 25 units from the purchase of August 22, calculate the cost of ending inventory and cost of goods sold. Average-Cost Method: Periodic Inventory System SE3. Using the data in SE2, calculate the cost of ending inventory and cost of goods sold according to the average-cost method under the periodic inventory system. (Round final answer to the nearest dollar.) LO 2 FIFO Method: Periodic Inventory System LO 2 SE4. Using the data in SE2, calculate the cost of ending inventory and cost of goods sold according to the FIFO method under the periodic inventory system. LIFO Method: Periodic Inventory System SES. Using the data in SE2, calculate the cost of ending inventory and cost of goods sold according to the LIFO method under the periodic inventory system. LO 3 Effects of Inventory Costing Methods and Changing Prices SE6. Prepare a table with four columns that shows the ending inventory and cost of goods sold for each of the results from your calculations in SE2 through SE5, includ ing the effects of the different prices at which the merchandise was purchased. Which method(s) would result in the lowest income taxes? LO 4 Average-Cost Method: Perpetual Inventory System SE7. Using the data in SE2, calculate the cost of ending inventory and cost of goods sol according to the average-cost method under the perpetual inventory system. (Round the nearest dollar.)