A201 Homework assignment 15 pts. Your name on the paper 3 pts. Each correct answer (I through 6) 2 pts. Part 1: Forester Company had the following Inventory transactions during its first month of business: Purchases: January 3: 400 units at $6.00 per unit (52,400) January 10; 300 units at $6.20 per unit (51,860) January 21; 250 units at $6.10 per unit ($1,525) January 29; 350 units at $6.50 per unit ($2.275) Totals 1,300 $8,060 The company sold 1,020 units during the month. Question 1. What is the value of ending inventory Jan. 31 using LIFO? Question 2. What is the Cost of Goods Sold for January using LIFO? Question 3. What is the value of ending inventory Jan. 31 using FIFO? Question 4. What is the Cost of Goods Sold for January using FIFO? Part 2: Elmyra Industries had a Cost of Goods Sold in year 2020 of $4,356,000. The Company's average inventory for the year was $888,980. Question 5. How many times did inventory "turn" in 2020? Question 6. How many days did it take to sell inventory on average in 2020