Question #4) 5 Marks Using the information below, determine the Cost of Goods Sold for the month regarding Inventory Item #101. Be sure to show all your work and calculations. # of Units Cost / Unit Feb 1, 2020 - Beginning Inventory 100 $10.00 Total $1,000.00 Feb 6, 2020 - Purchase Inventory 50 $12.00 $600.00 Feb 8, 2020- Sold Inventory 70 ??? ??? Feb 15, 2020 - Purchased Inventory 100 $13.00 $1,300.00 Feb 20, 2020 - Sold Inventory 100 ??? ??? REQUIRED: A) Determine Cost of Goods Sold using FIFO B) Determine Cost of Goods Sold using Weighted Average Question #5) 3 Marks Using the information below, determine whether there are any adjustments needed to the records. REQUIRED: Inventory Item Units Unit Cost Net Realizable per Unit SKU #1000 15 $100.00 $95.00 SKU #1020 20 $80.00 $90.00 SKU #1050 55 $110.00 $101.00 A) Calculate LCNRV as a whole (assuming the items are similar) B) Calculate LCNRV applied separately to each product C) Prepare JE for Requirement A