Problem 5 (20 points) The following information is available for XYZ Company for the month of February. XYZ uses a periodic inventory system. Beginning inventory Purchase 1 Purchase 2 10 units at $5 per unit 30 units at $7 per unit 10 units at $9 per unit Total Cost $50 $210 $90 Available for Sale 50 units $350 Sales for the month were 35 units at $40 each. Compute Ending Inventory (in dollars) and Cost of Goods Sold (in dollars) and Gross Profit (in dollars) for the month using the following methods. Summarize your answers on the Inventory Answer Sheet on the next page. YOU MUST SHOW YOUR WORK. Specific Identification (ending inventory is made up of 3 units from the beginning inventory, 7 units from Purchase 1, and 5 units from Purchase 2) Weighted Average