The Briar Co. uses the periodic inventory system to account for inventory and had the following transactions during November, 2014: A physical count of units on hand at November 30, 2014 resulted in a total of 6, 500 units. Required: Calculate the value of the ending inventory at November 30, 2014 and cost of goods sold for the month of November using each of the following cost flow assumptions: A) First-ln, First-Out B) Last-In, First-Out C) Weighted Average Assuming that Briar used the perpetual inventory system, what would the value of the ending inventory at November 30, 2014 be using: A) First-ln, First-Out B) Last-In, First-Out PART 2 Anchor, Inc. purchased the following plant & equipment assets over the past three years: Building, purchased on April 1, 2012 at a cost of $450, 000. The company estimates the useful life of the building to be 20 years, and estimates salvage value at $20, 000. Anchor uses the straight-line method to record depreciation on the building. Equipment, purchased on June 1, 2013, at a cost of $32, 000. The useful life of the equipment is estimated to be 10 years, and the company estimates salvage value at $4, 000. Anchor uses the double-declining balance method of depreciation for the equipment. Automobile, purchased on October 1, 2014, at a cost of $24, 000. The useful life of the automobile is estimated to be 60, 000 miles, and the company estimates a salvage value of $6, 000. The auto was driven for 22, 000 miles during 2014, and 19, 000 miles during 2015. Anchor uses the units-of-output method to record depreciation on the automobile. Required: Calculate the proper amount of depreciation expense to record for each asset for the company's calendar ear ending December31, 2015