Page of 9 0 for the trends that you see. (9 marks) Question 6 Inventory minutes) (5 marks: suggested time 6 Wiggum Ltd. is a distributor of baked goods. The following information is available for its line of glazed donuts for the month of June 2005. Sales Cost/Price Purchases $4.20 $4.50 $1,800 $11.00 $12,100 Date Transaction June 1 Opening inventory June 5 Purchase June 9 Sale June 13 Purchase June 17 Purchase June 21 Sale June 25 Sale June 29 Purchase June 30 Closing inventory Totals Units 800 400 (1.100) 1,350 725 (1.125) (250) 300 1,100 $6,480 $3,190 $4.80 $4.40 $12 $10.50 $4.60 $13,500 $2,625 $1,380 $12,850 $28,225 Note: Wiggum uses the periodic method of tracking inventory quantities. Assume that the opening value of inventory is the same under all cost flow assumptions. Required: Determine the balance of ending inventory using the FIFO periodic cost flow assumption. (2 marks) b. Determine the balance of ending inventory using the Weighted Average periodic cost flow assumption. (3 marks) a. MacBook Pro 90 F 858 DI FB DD # 3 $ & 5 6 7