3 04. Determine the numbers missing a thrug inclusive] in Conundrum Co's. Income Statements. [3 marks] 2017 2019 2018 $1,200 $ $1,400 100 d 600 1,000 a 700 Sales Cost of Goods Sold Beginning Inventory Purchases Ending Inventory Cost of Goods Sold Gross Profit Operating Expenses Net Income 500 800 700 + 900 200 b 300 & 85 $415 90 $110 S205 SHOW PLAUSIBLE CALCUATIONS TO GET CREDIT Q5. Use the following information about Acme Co's inventory and purchases during October, to answer Q5a & b. October 1 6 11 16 Beginning Balance Purchase Purchase Purchase Units 35 70 45 50 Unit Costs 3 4 5 6 In addition, be advised that Acme uses the periodic inventory system and sold 149 units during October Sa. Calculate Ending Inventory and the cost of Goods Sold using the FIFO method. [1 mark] Answer Ending Inventory is: $ Answer Cost of Goods Sold is: 5 5b. Calculate Goods Available for Sale and cost of Goods Sold using the Average Cost (AC) method. [1 mark] Answer Goods Available for Sale is: $ Answer Cost of Goods Sold is: $