Question 2. (60 points) Given below is inventory information for the month of July obtained from the records of DOJ Co. PURCHASES SALES Date Description Units Unit cost Date July 1 Beginning Inventory 30 July 10 Purchased 80 5 15 Purchased 50 6 27 Description Units Unit price 4 Sold 20 10 11 Sold 50 10 20 Sold 25 10 Required: Compute COGS and ENDING INVENTORY COST under the following cost flow assumptions: a) FIFO - Perpetual Inventory System (25 points) b) AVERAGE - Perpetual Inventory System (25 points) c) Do you agree with the following statement (explain) (10 points) "FiFo and Average Cost methods produce the same results under both Periodic and Perpetual inventory system