Purchase - Aug 15 230 $6.3 Sale 240 $9.90 Required: 1. Calculate the cost of ending inventory and cost of goods sold using the FIFO method. (10 marks) 2. Calculate the cost of ending inventory and cost of goods sold using the weighted average method. (10 marks) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BTU & Paragraph Arial 14px A 2 TEX QUESTION 4 20 points SPI K has the following information for its inventory, purchases and sales for the recent year-end. The company uses the perpetu inventory system Activity Units Purchase Price (per unit) Sale Price (per unit) Beginning Inv. 110 S5.90 Purchase - May 14 575 $6.00 Sale 380 58.80 Sald 225 $9.00 Purchase - July 10 680 S6.20 Sale 270 $9.00 Sale 290 $9.50