Question Three $-$ Value $60\%$ in totalCAUTION:PLEASE BE CAREFUL TO USE THE CORRECTLY HEADED ANSWER SHEET. ANSWERS WILL BE MARKED BASED ON THE ANSWER SHEET USED.PurchasesSalesBeginning Inventory$1,350$ units $$10$ purchase price @January $301,000$ units $$11$ purchase price $$February $15250$ unitsFebruary $30500$ units $$17$ purchase price @August $152,000$ unitsOctober $301,500$ units$$13$ purchase price $$December $15800$ unitsInstructions:Required:This company uses a perpetual inventory system.Using the above information, calculate the Ending Inventory Levels $($Units sold, Cost of Goods Sold, Units Remaining & Dollar Value$)$ using the following methods:A$)$ First$-$In$,$ First$-$OutB$)$ Average Weighted Cost