Question 3 Incorrect Mark 0.00 out of 10.00 Flag question The inventory records of Mod Oil Company for January showed the following data for an item of its merchandise for sale (assume that the six transactions occurred in the order shown). Units Units Available Unit Date Sold For Sale Cost Total Beginning inventory (Jan. 1) Jan. 3 Purchases 500 $6.00 $3,000 600 $6.10 3,660 Jan. 5 Sales 900 Jan. 10 Purchases 600 $6.20 3,720 Jan. 20 Sales 500 Jan. 25 Purchases 400 $6.30 2,520 Jan. 28 Sales 300 Total available for sale 2,100 $12,900 Its ending inventory of 400 units can be specifically identified as follows: 100 units from the January 3 purchase, 50 units from the January 10 purchase, and 250 units from the January 25 purchase. Compute ending inventory and cost of goods sold for the month ended January 31 using: a. Specific identification (periodic inventory system). b. Average cost (periodic inventory system). c. FIFO (periodic inventory system). d. LIFO (periodic inventory system). e. Moving average (perpetual inventory system). f. FIFO (perpetual inventory system). g. LIFO (perpetual inventory system). h. Dollar-value LIFO (periodic inventory system). Assume that the beginning inventory is the base layer at a cost of $6.00 per unit. The price index for January is 1.05. Note: Carry all decimals in calculations; round the final answer to the nearest dollar. Periodic Inventory System Ending Inventory COGS a. Specific identification (periodic) $ 4,536 x $ 18,684 x b. Average cost (periodic) $ 0 x $ 0 x c. FIFO (periodic) $ 0 x $ 0 x d. LIFO (periodic) $ 0 x $ 0 x e. Moving average (perpetual) $ 0 x $ 0 x f. FIFO (perpetual) $ 0 x $ 0 x g. LIFO (perpetual) $ 0 x $ 0 x h. Dollar-value LIFO $ 0x $ 0 x Check Incorrect Marks for this submission: 0.00/10.00.