Question 4 - (14 Marks) Goodtime Foods reports the following for month ended December 31, 2019: Inventory, November 30, 2019 $575,000 Inventory, December 31, 2019 $640,000 December 2019 - Purchases on credit $350,000 December 2019 - Sales on credits $648,000 Required Calculate Cost of Goods Sold 2 Using the template below, prepare journal transactions for a periodic inventory system and a perpetual inventory system. Explanations are not required. Cost of Goods Sold calculation: Journal Entries: DATE ACCOUNT DEBIT CREDIT 2 Assignment #3 - Chapter 4 & 5 Comm 204 Intersession 2020 DATE ACCOUNT DERIT CREDIT