Information to be used for Problems 11 and 12 and 13: Melanie's Purple Dress Business uses the Perpetual Inventory System. Melanie's Purple Dress Business purchased and sold the following merchandise in May: May 1 Purchased 100 dresses at $100 each or $10,000 Sold 50 dresses from the dresses that were purchased on May 1 May 5 Purchased 100 more dresses at $110 each or $11,000 Sold 100 more dresses from the dresses that were purchased on May 5 Calculate the ending inventory for Melanie's Purple Dress Business using the Specific Identification Method. May 2 May 20 11. 12 Calculate the ending inventory for Melanie's Purple Dress Business using the First-In-First-Out or FIFO method. 13. Calculate the ending inventory for Melanie's Purple Dress Business using the Last-In-First-Out Method or LIFO method. For Extra Credit, the ending inventory for Melanie's Dress Business using the Weighted Average Method