Using the information below, determine the cost of Goods Sold for the month regarding Inventory Item #101. Be sure to show all your work and calculations.

Question #4) 5 Marks Using the information below, determine the cost of Goods Sold for the month regarding Inventory Item #101. Be sure to show all your work and calculations. Feb 1, 2020 - Beginning Inventory Feb 6, 2020 - Purchase Inventory Feb 8, 2020 - Sold Inventory Feb 15, 2020 - Purchased Inventory Feb 20, 2020 - Sold Inventory # of Units 100 50 70 100 100 Cost / Unit $10.00 $12.00 ??? $13.00 ??? Total $1,000.00 $600.00 ??? $1,300.00 ??? REQUIRED: A) Determine Cost of Goods Sold using FIFO B) Determine Cost of Goods Sold using Weighted Average