Question 6 Jackpot Limited uses a perpetual inventory system. Inventory data for the year ended December 31, 2019, are as follows: Beginning inventory February 28 purchase 1st quarter sales July 31 purchase 2nd quarter sales October 31 purchase 35 units at $130 each 25 units at $145 each 40 units 45 units at $115 each 55 units 60 units at $125 each Required Determine the amounts to report for Cost of Goods Sold and Ending inventory using FIFO and the weighted average cost method