(C) Calculation of COGS and Ending Inventory Young & Crazy Company makes the following purchases: 1. item A on 2/2/11 for $10 2. item B on 2/15/11 for $12 3. item C on 2/25/11 for $20 Young & Crazy Company sells item B on 2/28/11 for $90. Assume Beginning Inventory - S0. What is Young & Crazy's sales, cost of goods sold, and gross profit for February 2011, assuming the company used the FIFO, LIFO, Average Cost, and Specific Identification cost flow assumptions? What is Young & Crazy's ending inventory shown on Balance Sheet as of February 28, 2011? Complete the following tables. FIFO LIFO Weighted Average Specific Identification Income Statement for the month ended February 28 2011 Sales COGS Gross Profit Balance Sheet As of February 28 2011 Ending Inventory