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2. With the following information, calculate the ending inventory and COGS and gross profit under FIFO, LIFO and weighted average under the periodic inventory systeme Beginning inventory 150 @ 334 Purchase 280 @ 34 Sale 150 @ 50- Sale 140 @ 50 Purchase 120 @ 324 @ Sale 80 @ 50- Purchase 90 @ 36- Sale 70 @ 504 FIFO LIFO Weighted Average Ending Inventory COGS Gross Profite Use the information above and complete the worksheet for perpetual inventory system, assuming weighted average Purchasese Unit coste e COGS Unit coste Inventory Unit coste Qtye Total Qtye Total Total Qty e t e e e e e e 3. What are the effects on the accounting equation assuming that: a. Adjusting entry for depreciation was omitted - Balance Sheet Income Stmt b. Adjusting entry for accrued wages was omitted - Balance Sheet Income Stmt 4. Correct (not reverse) the following entries: Customer paid 1,500 on account 5,100 Cash e A/pe 5,100 e Owner invested $10,000 cash and computer with FMV of $800 10,800 Cash e Revenue 10,800 e e