PROBLEM 2-SVENTORY-10% INSTRUCTIONS: Salve the fallowing problems and econd the anowers in the Answors colum The tom for goodis held for sale s 1-6. Selected data on sales and merchandise available for sale are as follows 4 Purchase 5 Sold 40 units at S20 8 Purchase 12 Sold 15 units at $21 Based on the data above, the value of the ending inventory,under the following assumptions, is 1. FIFO-perpetual Invenbory system 2 LUFO-perpetual inventory system Average cost-periodic inventory system 4 FIFO-periodic inventory system 5. LIFO-peciodic Inventory sytem INSTRUCTIONS: For Rowe Merchandise Mat, Indioate the accounts to be debited and credited in reconding the selected transactions desrted below by meting the lt"-itin for te acorta inventory system is used tnorp alumns The ietual ACCOUNT H Sales A Accounts Payable B. Accounts Receivable E. Merchandise Inventory G. Dividends L Sales Discounts . Sales Returns and Allowanoe Capital Stock For 0. Purchased merchandise on account 1-2 Sold merchandise on 3-4. Reoeived a retum of part of the merchandise sold in Questions 1-2 5-6. Recelived cash for merchandise sold in Questions 1-2 and 3-4 wihin socount the discount period 7-8. Recelved cash from cash sales of merchandise 9-10. Recelved cash for menchandise sokd in Queations 1-2 and 3-4 not the discount period Nole Each of