Lindas Lampshades started business on Jan. 1 2001. They had the following invent

Lindas Lampshades started business on Jan. 1 2001. They had the following inventory transactions:Journals Jan. 2001PurchasesSupplier Date Received Quantity Unit Cost AmountDonna 01/10/01 110 12.00 1320.00Thomas 01/15/01 160 14.00 2240.00Cindy 01/18/01 150 15.00 2250.00SalesCustomer Date shipped Quantity Sel. Price Amount Norilene 01/16/01 200 25.00 5000.001. Calculate the ending inventory using the perpetual inventory method: A. Using FIFOB. Using LIFOC. Using Average Cost2. Prepare the following statement Using FIFO LIFO Average CostSalesCost of Sales Gross Profit