Take home -final test. Please hand in a Hard copy on Thursday, May 18,2023 1. Dandaloin's Dresses uses the periodic inventory system: In 2020,40,000 units were sold, and 10,000 remain in the ending inventory. Required: Calculate cost of goods sold and ending inventory using First in First Out, Last in First Out, and Weighted Average. 2. Lyric Logan Industries uses the Percentage of Credit Sales method to estimate bad debt expense. estimates 10% of Credit sales are uncollectible. 1-14-23: Sales on Account $700,000. 2-14-23: Sales on Account $200,000 3-15-23. White off Tara Taylor's Accounts Recelvable for $80,000. 3-30-23. Collected $800,000 in Accounts receivable. Required: Record the transactions in the Journal and post them to the ledger