Problem 2 The following inventory transactions took place for Child Corporation for the month of May: Quantity Cost/Selling Price $3.35 3,000 Date May 1 May 5 May 10 May 15 May 20 May 22 May 24 May 25 Event Beginning Inventory Purchase Purchase Sale Sale Purchase Purchase Sale 4,000 2,000 3,000 2,000 6.00 5,000 2,000 7,000 Required - b) Calculate the ending inventory balance for Child Corporation, assuming the company uses: a) Periodic FIFO Perpetual FIFO Periodic Weighted Average (use 4 decimals when computing unit costs) Perpetual Moving Weighted Average (use 4 decimals when computing unit costs) Show detailed computations in each Yase (i.e. for part (b) it is not enough to simply say that the result would be the same as in part (a))