Spring 2020 BUS2101 Chapter 5 Homework Please handwrite your solutions and box or dirde your final answers DoLosAccounting Company uses the periodic Inventory method and had the following Inventory Information available: Units Unit Cost 1/1 Beginning Inventory 100 $7.25 210 Purchase 500 $7.45 3/17 Purchase 450 $7.50 5.29 Purchase 345 $7.60 7/25 Purchase 500 $7.65 10/8 Purchase 100 $7.80 12/15 Purchase $7.90 A physical count of inventory on December 31 revealed that there were 1,088 units on hand Answer the following questions. Show your work like a solution manuall Box or Circle your final answers. 300 1) What is the value of cost of goods sold & ending Inventory under FIFO? 2) What is the value of cost of goods sold & ending inventory under LIFO? 3) What is the value of cost of goods sold & ending Inventory under Average Cost (round out at least 2 decimal places for your average cost)? 4) What is the value of cost of goods sold & ending inventory under FIFO f 1.111 units were sold instead? 5) What is the value of cost of goods sold & ending inventory under LIFO i 1.111 units were sold instead? 6) What is the value of cost of goods sold & ending inventory under Average Costi 1.111 units were sold instead (round out at least 2 decimal places for your average cost)