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1. What does the company report for the following accounts for the most current fiscal year: Enter your answer in millions. a. Net sales 32,184 b. Beginning inventory* 4,134 c. Cost of sales S 16,605 d. Ending inventory* $ 4,239 *Include all types of inventory. 2. Assume that the company projects the following: Net sales and cost of goods sold will decrease by 1% in the next fiscal year. Purchases are expected to be 103% of projected cost of sales. Assume all other items remain unchanged from the prior year. Provide the next year's forecasted balances: Round your answer to the nearest million. a. Net sales 31,862 b. Purchases 17,103 X c. Cost of sales 16,605 X d. Beginning inventory 4,134 X e. Ending inventory 3,794 x 3. What inventory costing method does the company use to value its inventory