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Question 2. 8 points The Rocky Shops uses a periodic inventory system and shows the following data related to an item of Inventory: Inventory, January 1 150 units @ $5.50 Purchase, January 9 350 units @ $5.70 Purchase, January 19 120 units @ $6.20 Inventory, January 31 170 units Instructions (A) What value should be assigned to the ending inventory and cost of goods sold using FIFO? (B) What value should be assigned to the ending Inventory and cost of goods sold using Average Cost? (C) Prepare an entry to record Sales (including Cost of Goods Sold computed using FIFO), assuming goods are sold on account. Total sales are 2,800. Use one Sales entry to record sales for the month