68 02 (15 marks) JFK Appliance Shop Inc. provides following data for inventory, purchases, and sales of merchandise for July for one of the items the company sells: (12 marks) Activity Number of Units Total Cost Sale Price (per unit) Beginning Inventory $5,780 Purchase 1: July. 5 54 $4,968 Sale 1: July. 8 47 $120.00 Sale 2: July. 12 23 $140.00 Purchase 2: July. 17 18 $1,692 Sale 3: July 23 32 $150.00 JFK uses a perpetual inventory system, and all purchases and sales were for cash. Required: Compute cost of goods sold (COGS) and cost of ending inventory using cach method. a) FIFO Cost of goods sold (COGS) (4 marks) Cost of Ending Inventory (3 marks) b) Weighted average method. (Note: round off the numbers to two decimal places) Cost of goods sold (COGS) (5 marks) Cost of Ending Inventory