Question 29 (15 points) On May 31, 2021, The Water Splash provided the following information for one of its top-selling inflatable personal flotation devices (life jackets). Round numbers to two (2) decimal places. a. Determine ending inventory December 31, 2020. b. Determine total cost of goods sold for December, 2020. The Water Splash Company uses a perpetual inventory system. Use either the Moving Weighted Average or FIFO method of costing inventory to demonstrate the answers. Completion of the following sheet is OPTIONAL. A table is inserted at the end of this question to enter your answers. Date May 1 Transaction Units Unit Cost Beginning Inventory 30 $85 May 5 Sale 12 May 12 Purchase 45 $125 May 16 Sale 55 May 19 Purchase 40 $130 Dec 22 Sale 30 Paragraph I U A = COST OF GOODS AVAILABLE FOR SALE COST OF GOODS + v ...