P 5-1 (Includes Appendix 5A and 5B) On 1 July, Ali's CD World had 1.000 units in inventory valued at TL 5 per unit. The following transactions take place during the month. \begin{tabular}{ll} 2 July & Buys 300 units at TL 6,7 per unit \\ 8 July & Buys 200 units at TL 5,5 per unit \\ 12 July & Sells 500 units \\ 18 July & Buys 300 units at TL 6,5 per unit \\ 22 July & Sells 500 units \\ 25 July & Sells 750 units \\ 30 July & Buys 950 units at 7,6 per unit \end{tabular} Required: Assuming that the company uses 1) the periodic inventory system; and 2) the perpetual inventory system, compute the Ending Inventory and the Cost of Goods Sold under each of the following methods: a. FIFO b. LIFO (Appendix) c. weighted average