/ PROBLEM#3(worth9%) Inventory Methods . S Banner Company was formed on December 1, 20xo. The fo or Produer 1 2x0. The following information is available Total Cost SHOW ALL YOUR WORK! 1,600Unit Cost 2,600 1,000 1,800 $18.00 $28,800 January 1, 20X1 Purchases: January 5, 20X1 February 16, 20X1 March 10, 20X1 $20.00 $52,000 $22.00 $22,000 S23.00 $41,400 Sales: January 10, 20X1 March 15, 20XI 3,000 2,000 (a) Assume the company uses a Perpetual Inventory System. Compute the value (S amount) of ending inventory and cost of goods sold at 3/31 under each of the following methods: Instructions (1) FIFO (2) Weighted Average (b) Assume the company uses a Periodic Inventory System. A physical count of the inventory indicated 2000 units remained as of 3/31. Compute the value (S amount) of cost of goods sold under the following method: (I) LIFO