Your company had the following chronological inventory transactions during 2019 and 2020: 2019 Beginning Inventory Purchased Sold Purchased Sold Purchased Ending Inventory 20 units 80 units 77 units 60 units 61 units 15 units 37 units cost = $20.00 per unit cost = $21.00 per unit selling price = $45.00 per unit cost = $21.60 per unit selling price = $46.00 per unit cost = $22.00 per unit 2020 Beginning Inventory Purchased Sold Purchased Sold Ending Inventory 37 units 90 units 86 units 72 units 74 units 39 units ending inventory from 2019 cost = $22.40 per unit selling price = $47.00 per unit cost = $23.00 per unit selling price = $48.00 per unit INSTRUCTIONS: A. Calculate the value of Ending Inventory which would appear on the balance sheet for EACH year using each of the following methods. Please show your work for the 37 units of 2019 and your work for the 39 units of 2020. Round all costs per unit to two decimals and show your final answer to the nearest penny. 1. Periodic FIFO for 2019 and then for 2020 2. Periodic LIFO for 2019 and then for 2020 3. Periodic Average for 2019 and then for 2020 4. Perpetual FIFO for 2019 and then for 2020 5. Perpetual LIFO for 2019 and then for 2020 6. Perpetual Average for 2019 ONLY (because this takes too long for two years) A. Show the journal entries for the first purchase and the first sale in 2019 assuming the transactions were both on account using the following inventory methods: 1. Perpetual LIFO 2. Periodic Average