Inventory Costing Methods-Perpetual Method Gleem Safes Conporation uses the perpetual inventory system, On fanuary I Gleem had: 2,600 units of product B wht at unit cost of 560 per unit. A surnmary of purchases and sales during the year follows: ficigirity) a. Assume that Gleem uses the first-in, first-out method. Compute the cost of goods sold for the year and the eriditig inventory ballance at December 31 for prodict 8 . c. Assuine that cleem uses the weighted average cost mechod. Compute the cost of goods sold for ine year and the eriding inventory bulance as Decernber 31 for prodif Bi Do not round untilyour final answers hound answers ta the neseest coliar: A. Lhist in Repuired 3. Assume that Geem uses the firstin, first-out method Compute the cos of goods sold for the year and tive ending invethtory batance at Decernber al for product B. C. Assume that Gieem uses the weighted werage cost method. Compute the cost of goods sold for the yeac and the endinginuentory baiance at December 31 for product Do not rotind until your linal arrwers Hound anowers to the nearest dollar