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9 April 9 SHOW COMPUTATIONS TO RECEIVE PARTIAL CREDIT The following information is able for ABC Company. ABC began operations in 2016 and therefore there was no peginning inventory. During the year, the following purchases and sales were made January 1 Purchase 100 units at $1.50 each Purchase 400 units at $1.55 each June 10 Sale 360 units Purchase 300 units at $1.30 each September 29 Purchase 200 units at $1.60 each November 30 Sale 320 units Cost of Goods available for sale (from the above chart) 1480 Calculate the indicated amounts for Parts A and B. Part A (periodic inventory system) Ending Inventory - LIFO (4 points) July 31 Ending Inventory - FIFO (4 points) Ending Inventory - Weighted Average (3 points) Part B (perpetual Inventory system) Ending Inventory - LIFO (4 points) - (3 Bonus points) Cost of Goods Sold - FIFO