Question 2: The table below summarizes the beginning inventory, purchase and sales of ABC Company. Beginning Inventory and Purchases Date Units Cost Total Sales Units 1,400 $19 $26,600 300 600 20 12,000 1,300 Jan. 1 Inventory 4 Sale 8 Purchase 10 Sale 12 Purchase 15 Sale 18 Purchase 24 Purchase 31 Sale 900 21 18,900 150 500 800 22 23 11,000 18,400 Totals 1,350 3,100 4,200 $86,900 Assuming that the company uses the periodic inventory system, compute the cost that should be assigned to ending inventory and to cost of goods sold using (a) the simple weighted average method, (b) the FIFO method, and (c) the LIFO method