Use the following information to answer questions 5-8: Schemmenti Inc (a calendar year end corporation) uses a period imventory system. Its records show the following for the month of December: A physical inventory count at the end of December reveals that 50 units remain in ending inventory. [Note: in this problem, we are in a period of decreasing prices.] Question 5 10pts Compute cost of goods sold for the month of December for Schemmenti Inc., assuming the company uses the first-in, first-out (FIFO) imventory costing method. Question 6 10pts Compute ending inventory for the month of December for Schemmenti Inc., assuming the company uses the first-in, first-out (FIFO) inventory costing method. Question 7 10pts Compute cost of goods sold for the month of December for Schemmenti Inc., assuming the company uses the last-in, first-out (LIFO) imventory costing method Question 8 10pts Compute the value of ending inwentory for the month of December for Schemmenti Inc., assuming the company uses the last-in, first-out (LIFO) inwentory costing method