20. (3 points) The following pertain to the cost of H's only inventory item: Inventory on hand, January 1 295 units @ $50 per unit Purchases, January 12 590 units @ $88 per unit Purchases, January 20 450 units @ $91 per unit Purchases, January 31 300 units @ $93 per unit 1,635 Sales, January 5 75 units @ $200 per unit Sales, January 15 350 units @ $200 per unit Sales, January 22 550 units @ $200 per unit Sales, January 30 140 units @ $200 per unit 1,115 (1,115 X $200 - $223,000) Calculate COGS AND GP for January ND EI as of 01-31 assuming H uses perpetual LIFO EI: COGS: Gross profit: Calculate COGS AND GP for January ND EI as of 01-31 assuming H uses a moving average method and rounds the unit cost to the nearest penny each time it performs an average calculation EI: COGS: Gross profit: Make sure that the sum of your COGS AND EI answers add up to 100% of your COGAS