Juju Enterprise show the following sale and purchase for the month of January 2020. The company uses perpetual inventory system for inventory. Jan Quantity Price (RM) 1 Description Beginning inventory Purchase 1200 15 3 800 18.20 8 Purchase 600 19.50 12 Sales 1550 42 15 Purchase 1200 21 18 Sales 650 44 20 Sales 1100 44 28 Purchase 600 21.50 a) Calculate cost of goods sold and ending inventory at the end of January using First In First Out (FIFO) and Weighted- Average method. b) Show the journal entries to record the transactions on 12th and 20th of January using Weighted-Average method. c) Briefly discuss the effect of inflation on the cost of goods sold using FIFO, LIFO and Weighted-Average. [20 marks] Juju Enterprise show the following sale and purchase for the month of January 2020. The company uses perpetual inventory system for inventory. Jan Quantity Price (RM) 1 Description Beginning inventory Purchase 1200 15 3 800 18.20 8 Purchase 600 19.50 12 Sales 1550 42 15 Purchase 1200 21 18 Sales 650 44 20 Sales 1100 44 28 Purchase 600 21.50 a) Calculate cost of goods sold and ending inventory at the end of January using First In First Out (FIFO) and Weighted- Average method. b) Show the journal entries to record the transactions on 12th and 20th of January using Weighted-Average method. c) Briefly discuss the effect of inflation on the cost of goods sold using FIFO, LIFO and Weighted-Average. [20 marks]