Inventory Cost Methods The records of Cordova Corp, showed the following transactions, in the order given, relating to the major inventory Item: Unit Unito Coet 1. Inventory 4,000 $8.60 2. Purchase 8,000 8.90 3. Sale (at $18.40) 5,500 Purchase 7.000 9.20 5. Sole (at $18.40) 12,000 6. Purchase 14,000 9.36 7. Sale (at $21.40) 12,000 3. Purchase 0.000 9.30 Required: Complete the following schedule for each independent assumption (Round unit costs to the nearest cent.); Answer is not complete. Units and Amounts Ending Cost of Goods Inventory Gross Margin Sold 108,760 S 268,280S 310,520 271,400 307,400 S Independent Assumptions a FIFO b Weighted average periodic inventory system Moving average perpetual inventory C system 268,360 310,440X