THE FOLLOWING INFORMATION PERTAINS TO MODEL A-4 DIGITAL WATCHES OF THE TIME CORPORATION FOR THE MONTH OF OCTOBER, 2020 12 DATE CALCULATORS UNITS UNIT UNITS COST SELLING OCTOBER PRICE 1 BEGINNING INV 100 $ 60.00 7 PURCHASE 400 62.00 SALE 300 $90.00 17 PURCHASE 500 64.00 PURCHASE 300 65.00 SALE 600 95.00 21 PURCHASE 500 66.00 22 PURCHASE 600 67.00 SALE 1,000 100.00 19 20 28 INSTRUCTIONS: 1.ASSUMING THAT THE COMPANY USES PERPETUAL INVENTORY SYSTEM, CALCULATE THE COST OF THE ENDING INVENTORY AND COST OF GOODS SOLD USING THE FOLLWING METHOD: A. FIFO B. LIFO 2.ASSUMING THAT THE COMPANY USES PERIODIC INVENTORY SYSTEM, CALCULATE THE COST OF THE ENDING INVENTORY AND COST OF GOODS SOLD USING THE FOLLWING METHOD: A. FIFO B. LIFO C. AVERAGE METHOD