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Question 5 (17 marks) Surplus Parts Ltd. uses a perpetual inventory system. Records indicate the following data for product, gaskets: Unit Cost $20 Date June 1 June 12 June 15 June 18 June 24 Item Balance Sale Sale Purchase Sale Quantity 200 110 80 100 20 $25 Required Determine the amounts to report for Cost of Goods Sold and Ending inventory using FIFO and the weighted average cost method