IV. (18 points) The ABC Company has the following inventory records.

2/1 Beginning balance 15@ $60 $ 900

2/5 Purchase 20@ 50 1,000

2/10 Sale 23

2/17 Purchase 27@ 40 1,080

2/23 Sale 30

2/25 Purchase 18@ 30 540

3/10 Purchase 52@ 20 1,040

3/15 Sale 75

3/19 Purchase 21@ 10 210

RequiredFor the above data set please answer the following questions.Use the periodic inventory method. Compute, for each monthseparately, the cost of goods sold, using:

a)FIFO b)LIFO c)Weighted-average