Better Bottles, Inc. uses a periodic inventory system and has provided its current inventory information.The Controller has asked you to prepare a comparison of the Ending Inventory and Cost of Goods Sold totals for three different inventory costing methods:Periodic FIFO, LIFO, and Weighted-Average. Here are some tips for using Excel: - Cell Reference: Allows you to refer to data from another cell in the worksheet. If you entered "=B5" into a blank cell, the formula would output the value from cell B5. - Basic Math Functions: Allow you to use the basic math symbols to perform mathematical functions. You can use the following keys:+ (plus sign to add), - (minus sign to subtract), (asterisk sign to multiply), and / (forward slash to divide). For example, if you entered "=B4+B5" in a blank cell, the formula would add the values from those cells and output the result. - SUM Function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges. If you entered "SUUM(C4,C5,C6)" into a blank cell, the formula would output the result of adding those three separate cells. Similarly, if you entered "=SUM(C4:C6)", the formula would output the same result of adding those cells. 1. Use the Open Excel in New Tab button to launch this question. 2. When finished in Excel, use the Save and Return to Assignment button in the lower right to return to Connect. For an answer to be graded as correct, you must use an Excel formula: 1. Begin each formula with an = sign. 2. Reference cells, instead of entering values. Example: =B3+C3 Required: 1) Calculate both the Ending Inventory and Cost of Goods Sold using Periodic FIFO. (Use cells A4 to D10 from the given information to complete this question.) A1 fx Accessibility tab summary: Financial information for Better Bottles, Incorporated, is presented in cells A4 to D10. A stat 31 (Use cells A4 to D10 from the given information to complete this question.) 60 61 4) Use the given information and your calculated numbers to complete the Cost of Goods Sold Equation below for all three inventory 62 methods. (All numbers should be positive.)