Sunrise company inventory records contained the following information regarding its latest Sunrise model. The company uses a periodic inventory system. Beginning inventory, January 1, 2019 units @OR 80 each Purchases: January 15. 1,000 units@ OR 95 each January 21 units OR100 each Sales: January 5 units@ OR 120 each January 22 units@ OR 130 each January 29 600 800 400 800 400 units OR 135 each Ending inventory, January 31, 2019, units 800 1. Compute CGS for January and ending the inventory using both FIFO and LIFO methods. 2. Which method, FIFO or LIFO will result in the highest CGS figure for January 2019? Why? x T A- B I U x x % 83