Problem III The following data was obtained from the inventory records of Moore Company which started operations on January 1, 2020: Jan. 1: 30 units @ $40 May 1: 50 units @ $42 Nov 1:20 units @ $48 A physical count of the inventory on December 31, 2020 indicated 35 units remain. REQUIRED: Calculate both Cost of Goods Sold and Ending Inventory under the three methods of periodic inventory costing: CGS EI FIFO LIFO AVERAGE COST Problem IV: On May 1, 2020 Fauci Company purchased $40,000 of merchandise, terms 2/10, 1/30 FOB shipping point from Birx Corporation. As an accommodation to Fauci Birx added the shipping charges of $400 and that amount onto Fauci's invoice On May 9th Fauci retumed $4,000 of merchandise and paid Birx the balance due. REQUIRED: Make the journal entries for Fauci for both May 1 and May 9