Use the following information for Sales Corp, Inc. to answer the questions below. Sale Price Quantity 100 60 Unit Cost $8.00 9.00 Date Jan 1 Jan 3 Jan 14 Jan 18 Jan 30 Item Beg. Inventory Purchase Sale Purchase Sale 70 $20.00 10.00 100 90 25.00 1. Assuming a perpetual inventory system, find the ending inventory and COGS for Sales Corp, Inc. using the: a. FIFO method b. LIFO method c. Weighted average method 2. Which method will result in the highest reported net income? The highest ending inventory