Accounting 2101 Chapter 5 and 6 Assignment I. Wynn Company uses the periodic inventory system to account for inventories. Information related to Wynn Company's inventory at October 31 is given below: October 1 Beginning inventory 8 Purchase 16 Purchase 24 Purchase 400 units a $10.004,000 800 units a $10.408,320 600 units a $10.806,480 200 units@ $11.602,320 Total units and cost 2.000 units Units Sold: 1350 units Instructions: Calculate cost of goods sold using FIFO, LIFO, and Weighted Average Unit Cost II. Journalize the following transactions for Keaubie Company: May 1: Purchased S2,500 of merchandise on account from James Company, terms 2/10, n/30 4: Sold $3,000 of merchandise on account to Hart Company, terms 2/10, n/30; cost of merchandise sold: $1,900 6: Returned $550 of merchandise to James Company (May 1 transaction) 8: Hart Company returned S175 of merchandise; cost of merchandise returned: $101 9: Paid James Company in full, amount owed 11: Granted Hart Company an allowance of $80 12: Hart Company paid Keaubie in full, amount owed III. Adjusting the Inventory Account The inventory T-Account showed a balance of S101,500. An actual count of inventory on hand amounted to S100,500. Prepare the adjusting entry needed