6-27 If everyone were honest, there would be no need for internal controls to safeguard cash. Do you agree? Explain. 6-28 Distinguish between internal accounting control and internal administrative control. Uly systems. 7-34 Valui A valuing Inventory and Cost of Goods Sold Metals. Ltd., had the following inventory transactions during the month of March (in Crowe Metals, Ltd. British pounds, ): 3/1 beginning inventory Week 1, purchases Week 2, purchases Week 3, purchases Week 4, purchases 3,000 units @ 2.00 2,000 units @ 2.10 2,000 units @ 2.20 1,000 units @ 2.30 1,000 units @ 2.50 6,000 4,200 4.400 2,300 2,500 On March 31, a count of the ending inventory was completed, and 4,000 units were on hand. By using the periodic inventory system, calculate the cost of goods sold and ending inventory using LIFO, FIFO, and weighted average inventory methods. nit of currency is the Swiss