QUESTION 3 4 points Saved Determine the ending inventory and the COGS for the following data using a perpetual inventory system and the First In, First Out (FIFO) method. Date Item Units Cost Total Beg Inventory 5 $5 $25 Purchase 8 $6 $48 Sale 6 September 4 September 8 September 20 September 25 Purchase 15 $7 $105 Sale 12 Use the chart approach to answer the question For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I S Paragraph Arial 14px :v IX % y 6 == X2 X2 - - +] T HA . # EX: {:} R7 Ks # QUESTION 4 4 points Save Answer The following information is available for Clancy Company: Beginning inventory 600 units at $4.00 1/16 purchase 900 units at $6.50 1/24 purchase 500 units at $7.20 Assume that Clancy uses a periodic inventory system and there are 760 units left at 1/31, what is the cost of ending inventory and the COGS under the average-cost method? SHOW ALL WORK For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). U Paragraph Arial 14px !!! V T: 76 O x2 X2 > I ABC v T 7 :: } o E A EX {3} ) 7 #