Problem: Warson Pty Lid began operations on 1 July. It uses a perpetual inventory system. During July the business had the following purchases and sales. Date Jay 1 6 11 14 21 27 Unlt 4 Purchases Untt cost 3 90 99 106 Sales units 3 Required (a) Calculate the ending inventory and cost of sales under a perpetual inventory system using (1) FIFO, (2) average cost and 13) LIFO. (to) Which costing method produces the highest cost allocation to ending inventory? Johnny enrolled for the XPD106 in Semester 1 at IPC and decided to open a 'JJJ Green Café' in Hobart on 1st June 2023 after getting motivated by the discussions held during the workshops about business responsibilities and accountabilities. In addition to coffee and tea, Johnny's Cafe will sell ethically purchased items such as sandwiches, organic juice, cakes and savoury items such as quiche and tarts. Johnny contributed raw materials valued at $4,000, shop equipment valued at $14,000 and patented recipes valued at $9,000. He also deposited $20,000 into the business bank account. He plans to use their own vehicle he purchased last year, to make deliveries and pick up supplies. He purchased the vehicle for $25,000