QUESTION 13 Inventory Valuation Barnett Bicycles is a local bicycle retailer. It had 12 town cruiser style bicycles in its inventory at the beginning of June. They were originally purchased at a cost of $320 each Barnett's purchase and sales transactions related to this bicycle model during the first week of June consisted of the following Purchases 15 bicycles at $360 each on June 1 13 bicycles at $340 each on June 5 Sales (all bicycles were sold for $500 each g bicycles on June 2 7 bicycles on June 4 10 bicycles on June 7 Question 1 If Barnett uses the LIFO method and periodic system for valuation of its inventory, what is Barnett's Cost of Goods Sold for the first week of June? Round your answer to the nearest whole dollar. Include appropriate commas and no dollar signs le g 1,000) Question 2 If Barnett uses the FIFO method and periodic system for valuation of its inventory, what is Barnett's Cost of Goods Sold for the first week of June? Round your answer to the nearest whole dollar Include appropriate commas and no dollar signs log 1.000). Question 3 If Barnett uses the Average-Cost method of inventory valuation, what is Barnett's Ending Inventory balance at the end of the first week of June? Round your average cost calculation to two decimal points (eg. $145 per unit) and your final answer to the nearest whole dollar Include appropriate commas and no dollar signs (eg 1.000). Question 4 Using your answer to Question 2. what is Barnett's Gross Profit for the first week of June