Question I A company purchased merchandise to be resold at increasity costs during the year 2015 . The purchises were made at the following costs. 1. If 30 units were sold in May and 60 units were sold in August, how much is the ending inventory at the end of December? (Using the FIFO perpetual method) ( 4 points) 2. If the average-cost periodic method is adopted, how much is the ending inventory at the end of December? (4 points) 3. If you were the tax manager, which method will you suggest between FIFO perpetual and average-cost periodic ( 2 points)