Question II) 10 points Decorative Steel has the following information: Beginning Inventory Jan. 2020: S100,000 Purchases made during the year 2020: S1.200,000 Ending Inventory on December 31, 2020 $500,000 Required: Compute cost of goods sold for the year 2020 assuming the company uses a periodic inventory system. (10 points) Question 111) 30 points Albu company purchases and sells bicycles. The company has following transactions during August 2017. According to the information below, please calculate Cost of Good Sold for August 14 and August 31 (15 points and calculate ending inventory at the end of August by using FIFO method (15 points) August Beginning Inventory 8 units Reach August Picha 16 wisach August 14 Sales August 17 Purchase 18 tries t 0 cht August 23 Purchase 10 lafill i ti August 21 Sales 11 unit