Question # 2: s marks, each Ord Company uses a perpetual inventory system. During May, the following transa occurred. May 13 Sold 6 motors at a cost of $44 each to Waller Brothers Supply Com n/30. The motors cost Ord $25 each. One defective motor was returned to Ord. Received payment in full from Waller Brothers. Purchased 2 Tiers at cost of 100S each, payment term 2/10, n 30. May 16 May 23 May 24 Instructions Journalize the May transactions for Ord Company (seller) assuming that Ord inventory system. You may omit explanations. Question # 3: Morton Company uses the periodic inventory method and had the following inventory infor available: (8 marks, each 2 marks Units Unit Cost Total Cost 400 200 1/1 Beginning Inventory. 100 1/20 Purchase 7/25 Purchase 10/20 Purchase $4 $5 $7 $8 S 400 2,000 1,400 2.400 6.200 300 1.000 A physical count of inventory on December 31 revealed that there were 400 units on hand. Instruction: pute the Ending inventory and cost of goods sold by using FFIFO and LIFO. Com