Question 2 Hane Business began in 2021 with an inventory of 100 units that cost $2,000 each. During January 2021, Hane Business completed these inventory transactions: Jan 2 Jan 5 Jan 12 Jan 25 Purchase Sale Purchase Sale 80 units @ $1,800 each 60 units 120 units @ $1,500 each 90 units For the specific identification method, assume that ending inventory is made up of 80 units from Jan 2 purchases and remaining ending inventory units from Jan 12 purchases. (a) Using the perpetual inventory system, identify and compute the ending inventory cost and cost of goods sold for January 2021 under: (i) FIFO method. (6 marks) (ii) Specific identification method. (6 marks) Show the workings in detail to get the full marks. Paulo