Part 2: Assume that Chef Z Inc. has decided to use a perpetual inventory system and the following transactions occurred during February to May: Purchase and Sale of Deluxe Mixers Date Description Feb-01 Beginning Inventory Feb-02 Purchase Feb-16 Sale Mar-02 Purchase Mar-30 Sale Apr-01 Purchase Apr-13 Sale May-04 Purchase May-27 Sale Number Unit Cost/Sales cost per Mixer 1 $ 595 2 $ 600 1 $ 1,150 1 $ 618 2 $ 2,300 21 $ 612 3 $ 1,150 3 $ 625 1 $ 1,150 Determine the following: a. The cost of goods sold and ending inventory under the FIFO Cost Flow Assumption b. The cost of Goods sold and ending inventory under the moving average cost flow assumption c. Determine the Gross Profit for each of the FIFO and Moving Average Cost Method 2 (Part 2)