QUESTION 2 Life Pharmacy uses the perpetuat inventory system. The following information is available for the month of January jaray 1 Beginning inventory 100 units $2 12 Purchase 200 units $3 15 Sales 80 units 18 Purchase 70 units @ $4 21 Sales BD units 30 Purchase 40 units 56 Calculate the cost of goods sold and the value of the ending inventory for the month of January Using 1. First In- First Out (FIFO) 2- Weighted average