1. Wards' inventories are determined using FIFO (periodic). Wards provided the following information for the first quarter of 2019: Beginning inventory, January 1, 2019 (1) Purchase (2) Purchase (3) Purchase Ending inventory, March 31, 2019 60 units @ $63.00 40 units @ $56.25 95 units @ $66.00 30 units @ $64.50 45 nits 1) Compute the company's cost of goods sold for the first quarter. 2) Compute the ending inventory to be reported on Wards' balance sheet at March 31, 2019. 2. Tablet Company, which uses a periodic inventory system, reports the following in its inventory records for June: Units Beginning Inventory Purchase #1 Purchase #2 Unit Cost $12.00 $10.00 $14.00 During June, Tablet Company sold 12 units. Using the weighted average cost method, compute the June 30 ending inventory balance for this product. 3. Autok Fabricators, Inc. has 10 units in beginning inventory costing S45 each. It purchased 90 more for $36 each during the month. The company sold 80 units during the month. Autok used a periodic inventory system Calculate cost of goods sold using: 1) FIFO 2) Weighted average cost 3) LIFO 4) Heinrich Company, which uses a periodic inventory system, imports and sells a product produced in Germany. In the summer of 2018, a natural disaster disrupted production, affecting its supply of product. Heinrich uses the LIFO inventory method. On January 1, 2019. Heinrich's inventory records were as follows: Year purchased 2017 2018 Total Quantity (units) 2,500 4.500 7.000 Cost per unit $20 $40 Total cost $ 50,000 180.000 $230,000