Question 5 (10 points) Saved Spector Enterprises records the cost of its inventory using the First-In, First Out method using the perpetual approach. Below is the purchase and sale history of cat treats: Units Date Aug 1 Aug 7 Aug 7 Aug 12 Transaction Opening Bal Purchase Sale $/Unit 98 $ 32 $ 102 106 $ 61.53 70.49 ??? 56.17 Purchase Aug 23 ??? Sale 51 REQUIRED: Determine the balances for ending Inventory and Cost of Goods Sold for the month of August. How would your answer change if they switched methods to Weighted Average? Make sure you show all your work. (10 marks)