1. (6 points) The following pertain to the cost of H's only inventory item: Inventory on hand, January 1 Purchases, January 2 0 units units @ $15 per unit units @ S16 per unit units @ $17 per unit units @ $18 per unit units @ S19 per unit . Purchases, January 12 Purchases, January 16 Purchases, January 20 . Purchases, January 26 260 Sales, January 5 . Sales, January 14 . Sales, January 18 . Sales, January 25 units @ S30 per unit 80 units $30 per unit units a S30 per unit 30 per unit units a S30 per unit units a $30 Sales, January 27 245 (245 x $30- $7,350) Calculate COGS AND GP for January AND El as of 01-31 under the following assumptions H uses periodic LIFO EI COGS Gross profit: > H uses periodic FIFO EI COGS: Gross profit: H uses a weighted average method and rounds the unit cost to the nearest penny. H makes sure that exactly 100% of its COGAS ends up either as EI or COGS EI COGS: Gross profit