7)
	Date	Description	Quantity
	1/06/2022	Purchased	6 Items @ $5 per item
	2/16/2022	Purchased	5 items @ $6 per item
	7/06/2022	Sold	6 items
	7/08/2022	Purchased	4 items @ $7 per item
	8/15/2022	Sold	5 items
	9/01/2022	Sold	3 items
	9/20/2022	Purchased	7 items @ $8 per item
	10/10/2022	Sold	4 items
	12/01/2022	Purchased	3 items @ $9 per item

a.	Calculate both the ending inventory and the COGS using the FIFO method.
b.	Prepare the income statement assuming the company had sales of $500
	Income Stmt
	$ -
	-
	-	Net Income

a.	Calculate both the ending inventory and the COGS using the LIFO method.
b.	Prepare the Income Statement, Rtatement of Retained Earnings and Balance Sheet assuming the company had cash sales of $100,000

excel please and answer all parts