The Breeze trading company discloses the following information for the month of August 2016. Aug. 01: Beginning inventory, 600 units @ $5 each. Aug. 10: Sold 400 units @ $12 each. Aug. 11: Purchased 1,600 units @ $6 each. Aug. 15: Sold 1,000 units @ $12.50 each. Aug. 20: Purchased 1,000 units @ $6.50 each. Aug. 27: Sold 600 units @ $13.50 each. 1. Assume the Breeze trading company uses periodic inventory system, compute cost of goods sold (COGS) and ending inventory under: (a) FIFO (b) LIFO 2. Assume the Breeze trading company uses perpetual inventory system, compute cost of goods sold (COGS), ending inventory under: (a) FIFO (b) LIFO