Company XYZ uses a perpetual inventory system and had the following beginning inventory and purchases during January 2020: Cost Units 325 225 325 875 Jan 1. Beginning Inventory Jan 17. Purchased Jan 21 Purchased Total Goods Available for Sales 17 18 Total Cost 5,525 4,050 6.175 15,750 19 Sales of units were as follows: Jan 16. Jan 29. Total Units Sold 225 units at $32 525 units at $38 750 Additional Data for use in applying the specific identification method: The specific units sold were: Jan 16. Jan 29. 225 100 160 240 units from the January 1 units on hand units from the January 1 units on hand units from the January 16 purchase, and units from the January 20 purchase Using the preceding information, calculate the ending inventory and the cost of goods sold under a periodic inventory system by applying each of the three different methods of inventory costing: 1. FIFO 2. Weighted Average, and (Round answers to 2 decimal places) 3. Specific Identification Using your calculations from Part 1, record the purchase on January 17 and the sale on January 29 for each of: 1. FIFO 2. Weighted Average, and 3. Specific Identification Use the following formart for journal entries: Date Accounts/Explanation FIFO Spec. Iden. DR Weighted Avg. DR CR DR CR CR Part 1 FIFO Date Purchases Total Cost Sales (at cost) Unit Cost COGS Inventory Balance Unit Cost Total Cost Units Unit Cost Units Units Part 2 Weighted Average Date Purchases Total Cost Sales (at cost) Unit Units Cost COGS Inventory Balance Unit Cost Total Cost Units Unit Cost Units Part 3 Specific Identification Date Purchases Total Sales (at cost) Unit Cost COGS Inventory Balance Unit Cost Total Cost Units Unit Cost Cost Units Units Journal Entries FIFO Weighted Avg. Spec. Ident