Final Week Assessment (20%) QUESTION 2 (40 RON Gamma Company had a beginning inventory of 3 units at a cost of $2 per unit. Below you will find information related to purchases and sales for the month of July 2020 PURCHASES SALES Date Description Units Unit cost Date Description Units Unit price July 10 Purchased 100 Sold 20 10 20 Purchased 20 10 Final Week Assessment (20%) Assuming the company uses the Average cost flow assumption and a perpetual Inventory system calculate Ending Inventory and COGS using the table below for you can use these after the table 15 points) PURCHASES DATE BALANCE NETOS URC CUC Total 1 Required: Assuming the company uses the litecost flow assumption and a periodic inventory system determine the following costs: 115 points) 14 Beginning inventory * Purchases COGS Cost of Goods Available for Sale Do you agree with the following statement explain (10 points) Aption of cost flowersumption never results in a lower Grow Proft compared to Average coutowassumption Ending Inventory COGS