Before you begin, print out all the pages in this workbook. Northgate Products Corp. sells gadgets and uses the perpetual inventory system. During the month of January 2019, the number of gadgets purchased and sold was as follows: Purchased Sold Balance in inventory Date Units Unit cost Total $ Units Unit cost Jan. 1 Total $ Units Unit cost Total $ 200 $2 3 400 $3 8 400 $5 10 700 15 300 $7 20 300 27 400 $7 Units were sold for the following amount: Jan 10 Jan 20 $11 $12 *for specific identification, units sold on June 10 came from: Opening Inventory Jan. 3 purchase Jan. 8 purchase 380 320 700 for specific identification, units sold on June 20 came from: Opening inventory Jan. 3 purchase 0 Jan. 8 purchase 60 Jan. 15 purchase 240 300 Required: 1 Complete the applicable inventory record card, and calculate cost of goods sold and the cost of ending inventory under each of the following inventory cost flow assumptions: a. FIFO b. LIFO c. Specific identification d. Weighted average. 2 Prepare the journal entries required to record purchases and sales using the FIFO Inventory cost flow assumption. Descriptions are not necessary.