4. Inventory Methods Inventory transactions for the month of January for Carr Inc. were: Purchases Jan. 1 (balance) 3,200@ $4.20 7,600 @ 4.10 7 4,800 @ 4,30 15 6,200@4.40 Sales Jan. 2 2,400 @ $8.50 6 6,400 @ 8.50 9 5,000 @ 8.50 18 4,600 @ 9.00 Instructions: (1) Determine ending inventory and total cost of goods sold for January under each of the following methods: (a) perpetual LIFO, (b) periodic FIFO, and (c) periodic weighted- average. Clearly label your answer as either ending inventory or cost of goods sold for each method (a-c). (2) Prepare the January 9 Journal Entry using Perpetual LIFO.