3. John's Parts Shop recorded the following purchases and sales during the past year: Jan. 3 Beginning inventory Feb. 20 Purchase June 7 Purchase Oct. 5 Purchase Dec. 10. Purchase Goods available for sale Total sales Dec. 31 Ending inventory 35 units @ $13 $455 20 units @ $16 320 15 units @ $18 270 12 units @ $20 240 20 units @ $22 440 102 $ 1,725 75 units 27 units Assume that the company sold all of the January 3 beginning inventory, all of the Feb 20 purchase, 10 units each from the October 5 purchase, and the December 10 purchase. Determine the costs that should be assigned to ending inventory and cost of goods sold according to the periodic inventory method under each of the assumptions that follow. (2 points, 0.25/each) 1) What's the amount of cost of goods sold assigned under the specific identification method? A. $1,195 B. $1,072 C. $991 D. $974 2) What's the amount of ending inventory assigned under the specific identification method? A. $751 B. $734 C. $653 D. $530 3) What's the amount of cost of goods sold assigned under the average-cost method? A. $1,668.38 B. $1,468.38 C. $1,268.38 D. $1,068.38 4) What's the amount of ending inventory assigned under average-cost method? A. $656.62 B. $456.62 C. $256.62 D. $56.62 5) What's the amount of cost of goods sold assigned under the FIFO method? A. $1,659 B. $1,145 C. $1,065 D. $945 6) What's the amount of ending inventory assigned under the FIFO method? A. $780 B. $660 C. $580 D. $66 7) What's the amount of cost of goods sold assigned under the LIFO method? A. $1,374 B. $1,263 C. $1,139 D. $1,017 8) What's the amount of ending inventory assigned under the LIFO method? A. $708 B. $586 C. $462 D. $351