Problem # 5 (15 points) Toso Company uses the periodic inventory system to account for inventories. Information related to Toso Company's inventory at October 31 is given below October Beginning inventory 8 Purchase 16 Purchase 24 Purchase 400 units $9.80$3,920 800 units @ $10.408,320 600 units@ $10.806,480 200 units@$11.802.360 $21.080 Total units and cost 2.000 units nstructions 1. Show computations to value the A) ending inventory and B) cost of goods sold using the FIFO cost assumption if 550 units remain on hand at October 31 2. Show computations to value the ending inventory and cost of goods sold using the LIFO cost assumption if 550 units remain on hand at October 31 3. Show computations to value the ending inventory and cost of goods sold using the weighted-average cost method if 550 units remain on hand at October 31 4 Prove the cost of goods sold for FIFO, LIFO and weighted average, Show all work Solution 1) E?FOSOLUTION IALE?F.ENDINGINVENTORY CALCULATION