1. The inventory records of Cypress Inc. showed the fol inventory. Cypress Inc. showed the following data for its merchandise Date Jan. 1 Inventory Jan. 3 Purchase Jan. 7 Sale Jan. 10 Purchase Jan. 20 Sale Jan. 30 Purchase Units Unit Cost 144 $38.00 216 $40.00 240 240 $41.60 240 240 $43.20 Instructions (10 points) Compute cost of goods sold and ending inventory for the month ending Jan. 2 a. FIFO (periodic inventory system) Sunew purpur b. LIFO (perpetual inventory system). put Ron Solhim