QUESTION 2 (9 Marks) Coleman Company inventory records indicate the following transactions for November Coleman uses a periodic Inventory system November 1 Beginning inventory 2.800 units @$4.00 9 Purchase 3.000 units @$4.40 17 Purchase 2,900 units @$4.70 22 Purchase 2 800 units S4 90 Sales for the month totalled 8,100 units Required: The physical count of inventory at November 30 indicates that 3,400 units are on hand. For specific identification purposes assume 1,800 units remain from the November 22 purchase and 1,600 remain from November 17 purchase. Compute ending inventory and cost of goods sold using each of the following methods 1. First-in, first-out 2 Weighted average cost 3 Specific Identification