Problem 3 - FIFO and Weighted Average Volt Company provided the following information relating to inventory for the month of December 2022: Required: Date Remarks Dec. 1 Beginning Units 15,000.00 Unit Cost Unit Selling Price 16.00 3 Purchase 12,000.00 18.00 18 Purchase 7,800.00 20.00 23 Sale 2,500.00 80.00 27 Purchase 29 Sale 8,500.00 25.00 12,000.00 80.00 Assuming the entity used the periodic system, 1) compute the December 31, 2022 inventory under FIFO, and 2) Cost of Goods Sold under FIFO Assuming the entity used the periodic system, 3) compute the December 31, 2022 inventory under Weighted Average, and 4) Cost of Goods Sold under Weighted Average.