3. 3.00 points Speed World Cycles sells high-performance motorcycles and motocross racers. One of Speed World's most popular models is the Kazomma 900 dirt bike. During the current year, Speed World purchased eight of these cycles at the following costs: Purchase Date Purchased Unt Cost Total Cost July 1 $ 49.500 $99.000 July 22 50.000 150.000 Augs 3 51.000 153.000 a $402.000 On July 28, Speed World sold four Kazomma 900 dirt bikes to the Vince Wilson racing team. The remaining four bikes remained in inventory at September 30, the end of Speed World's fiscal year. Assume that Speed World uses a periodic inventory system. *Compute the cost of goods sold relating to the sale on July 28 and the ending inventory of Kazomma 900 dirt bikes at September 30, using the following cost flow assumptions: Weighted average cost 2 FIFO Show the number of units and unit costs in each cost layer of the ending inventory. You may determine the cost of goods sold by deducting ending inventory from the cost of goods available for sale. (Omit the "$" sign in your response.) Cost of good old and ending inventory 1. Weighted average cost method: Ending inventory at September 3 Weighted average cost Ending inventory Cost of goods sold through September Cost of goods available for sale Less Ending inventory at September 30(above) Cost of goods sold 2. Fistinto FFO) method Ending invertory at September From purchase on August 3 From purchase on y22 O cgg09 Cost of goods said thug September 30 Cost of goods available for Lee: Ending inventory at September 30(above) Cost of goods sold References Warhol