Question 1 (12 points) Mist, Inc. uses a PERIODIC inventory system and has the following transactions for one of its inventory items during 2020: Beginning Inventory Purchases 120 units $46 per unit Purchase 1 on 3/11/20 78 units $49 per unit Purchase 2 on 10/18/20 92 units @ $52 per unit Sales Sale 1 on 3/15/20 110 units @ $78 per unit Sale 2 on 10/22/20 135 units @ $78 per unit All units sold on 3/15/20 were from beginning inventory. The 10/22/20 sale included 55 units from the 3/11/20 purchase and 80 units from the 10/18/20 purchase. Compute Mist's Ending Inventory, COGS and Gross Profit under Specific Identification, Weighted Average Cost, FIFO and LIFO.