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During January, a company that uses a perpetual inventory system had beginning inventory purchases, and sales as follows: Unit Units Cost $10 12 Beginning inventory Jan. 5 purchased Jan. 1O sold Jan. 15 purchased Jan. 25 sold 100 40 60 70 50 13 "The selling price per unit is $20 1. Using the perpetual inventory system, calculate the total cost of goods sold for January and cost of the companys Januaryfor the following methods. Show all your work using the format used in the book! , a) FIFO b) LIFO c) Weighted average d) Prepare joumal entries for the events listed in the question using the amounts calculated using in (a) FIFO method. 2. A company made the following purchases during the year.. Jan. 10 Mar. 15 Apr. 25 July 30 Oct. 10 15 units at $360 cach 25 units at S390 each 10 units at $420 cach 20 units at $450 cach 15 units at $480 cach On December 31, there were 28 units in ending inventory. These 28 units consisted of 1 from the January 10 purchase, 2 from the March 15 purchase, 5 from the April 25 purchase, 15 from the July 30 purchase, and 5 from the October 10 purcbase. Using perpetual inventory system, calculate the cost goods sold and ending inventory for the year using the specific.identification method. Show all your work using the format provided in the text