Question 2: A company purchases inventory during the year in 4 batches, with unit and price amounts shown below: Units 9,500 4,300 3,600 7,200 Batch # Price per Unit $2.10 $2.08 $2.04 $2.01 2 4 10,800 units were sold after Batch 2 was purchased, while 3,400 units were sold after Batch 3 was purchased Required 1) 2) 3) 4) 5) Calculate COGS and Ending Inventory under the FIFO method, using a Perpetual Inventory System Calculate COGS and Ending Inventory under the FIFO method, using a Periodic Inventory System Calculate COGS and Ending Inventory under the LIFO method, using a Perpetual Inventory System Calculate COGS and Ending Inventory under the LIFO method, using a Periodic Inventory System If prices were increasing, moving from FIFO to LIFO would lead to: (Answer either higher, lower, no movement) COGS Ending Invento Net Income