Housewares Inc. reports the following inventory transactions during December 2018: Quantity Cost Description Date 7.00 Beginning Inventory 1-Dec 50 (20) 20 units sold 3-Dec Purchased 35 units @ $8/unit 10-Dec 35 8.00 7.50 Purchased 10 units @ $7.50/unit 14-Dec 10 (25) 25 units sold 22-Dec Purchased 15 units @ $9/unit 9.00 30-Dec 15 (30) 31-Dec Sold 30 units Required: 1. Determine the value of ending inventory and COGS assuming Housewares uses LIFO for inventory costing in a periodic inventory system. 2. Determine the value of ending inventory and COGS assuming Housewares uses LIFO for inventory costing in a perpetual inventory system. 3. Determine the value of ending inventory and COGS assuming Housewares uses FIFO for inventory costing in a periodic inventory system. 4. Determine the value of ending inventory and COGS assuming Housewares uses FIFO for inventory costing in a perpetual inventory system