26. (2 points) The following pertain to the cost of H's only inventory item: Inventory on hand. January 1 Purchases, January 2 Purchases, January 12 Purchases, January 16 Purchases, January 20 0 units 75 units @ $15 per unit 95 units @ $16 per unit 65 units @ $17 per unit S5 units @ $19 per unit 290 Sales, January 5 Sales, January 14 Sales, January 18 Sales. January 25 Sales, January 27 70 units @ $30 per unit 80 units @ $30 per unit 50 units @ $30 per unit 20 units @ $30 per unit 30 units @ $30 per unit 250 (250 $30 Calculate COGS AND GP for January ND EI as of 01-31 under the following assumptions: Huses periodic LIFO EI: COGS: Gross profit: Huses periodic FIFO EI: COGS: Gross profit