2. Company Z had the following transactions in its first year of operations: (1) On January 15, purchased 5,000 units of inventory for $20 each (2) On March 1, purchased 10,000 units of inventory for $22 each (3) On March 30, sold 7,000 units of inventory for $48 each (4)On June 20, purchased 9,000 units of inventory for $25 each (5) On August 10, sold 12,000 units of inventory for $50 each (6) On September 3, sold 1,000 units of inventory $49 each Company Z records transactions using a perpetual system. Calculate the cost of goods sold and ending inventory using (1) average cost, (2) FIFO, and (3) LIFO Company Z asks you to advise them on which inventory method to use. What method would you choose if the company wants to take out a loan from a bank in the near future that requires the company to meeta large threshold for its current assets' value? What method would you choose if the company has a near-term investment opportunity that requires more cash on hand? Explain your answers