"The development of accounting and financial reporting is correlated with technological progress in Business". Comment on the appropriateness of this viewpoint. Presented below are transactions related to Z Inc.: Date Transaction 1/1 Beginning inventory 2/4 Purchase 2/20 Sale 4/2 Purchase 11/4 Sale Price/Cost $12 18 30 23 33 Instructions: Calculate Ending inventory, COGS under FIFO method with proof, and gross profit. Quantity 1,000 2,000 2,500 3,000 2,200