Question 1: Aga Khan Company uses a perpetual inventory system. It entered into the following calendar- year purchases and sales transactions. Date Activities Units Acquired at Cost Units Sold at Retail Jan. 1 Beginning inventory..... 600 units a $45.00 per unit Feb. 10 Purchase... 400 units a $42.00 per unit Mar. 13 Purchase 200 units a $27.00 per unit Mar. 15 Sales 800 units o $75.00 per unit Purchase 100 units @ $50.00 per unit Sep. 5 Purchase 500 units a $46.00 per unit Sep, 10 Sales. 600 units a $75.00 per unit Totals. 1,800 units 1,400 units Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, and (c) weighted average. You must follow the format used in the class to solve the problems. [6 Marks) Aug. 21