2. With the following information, calculate the ending inventory and COGS and gross profit under FIFO, LIFO and weighted average under the periodic inventory system < Beginning inventory 150 @ 33 ) Purchase Sale Sale 280 @ 34(L) 150 @ 50 140 @ 50+ Purchase 120 @ 32 Sale 80 @ 50+ Purchase 90 @ 36 Sale 70 @ 50+ FIFO Ending Inventory COGS t Gross Profit t LIFOR t t Weighted Average Use the information above and complete the worksheet for perpetual inventory system, assuming weighted average Purchases Qty Unit cost Total COGS Qtye Unit cost Total Qtye Inventory Unit cost Total t t t t t t t t t t 2 t t t t t t t t t t 2 t t t t t t t t 3. What are the effects on the accounting equation assuming that: < a. Adjusting entry for depreciation was omitted - Balance Sheet b. Adjusting entry for accrued wages was omitted - Balance Sheet 4. Correct (not reverse) the following entries:() Customer paid 1,500 on account) Cash A/P 5,100 5,1000 + Owner invested $10,000 cash and computer with FMV of $800/ Cash Revenue 10,800 10,800 + 2 t t t t t t t t t t Income Stmt Income Stmt t t t t