Homework Question no. 1: - Fahed Co incurred the following transactions during the month of December 2019. December 1: Beginning Inventory (100 units @ 5 per unit). December 6: Purchased 50 units @ 5.50 per unit. December 10: Purchased 30 units @ 5.25 per unit. December 13: Sold 130 units @ 12 per unit, December 15 Sold 25 units @ 12,50 per unit. December 19 Purchased 120 units @ 4.75 per unit. December 31: Sold 80 units @ 12.25 per unit. Required: You have to use Weighted Average methods and calculate the following: i. Calculate cost of ending inventory on December 31, 2019 ii. Calculate cost of goods sold for the period ending on December 31", 2019 iii. Calculate gross profit for the period ending on December 31, 2019. Homework Question no. 2: - Lebanon Trading Company reported the following January purchases and sales data for its only product Units Acquired at Cost Units sold at Retail Jan 1 Beginning inventory 140 units @ $6.00 = 340 100 unts @ $15 Date Activities Jan 10 Sales Jan 20 Purchase 60 units @ $5.00 = 300 Sales Jan 25 30 units @ $15 Jan 30 Purchase 180 units @ $450 = 810 Totals 3.80 units 51.950 180 units Required: You have to use Weighted Average" methods and calculate the following: a) Calculate cost of ending inventory on Jan 314, 2019 b) Calculate cost of goods sold for the period ending on Jan 31", 2019 c) Calculate gross profit for the period ending on Jan 31", 2019