and please do the same work for LIFO as well as FIFO, please!!

Required information Problem 6-5A Calculate ending inventory and cost of goods sold using FIFO and LIFO and adjust inventory using lower of cost and net realizable value (LO6-3, 6-6) [The following information applies to the questions displayed below.] For the current year, Parker Games has the following inventory transactions related to its traditional board games. Parker Games uses a periodic inventory system. Date Jan. 1 Transaction Beginning inventory Units Unit Cost Total Cost $2,280 120 $19 Mar. 12 Purchase 70 14 980 Sep. 17 Purchase 40 7 280 230 $3,540 Jan. 1-Dec. 31 Sales 150 Because of the increasing popularity of electronic video games, Parker Games continues to see a decline in the demand for board games. Sales prices have decreased by over 50% during the year. At the end of the year, Parker estimates the net realizable value of the 80 units of unsold inventory to be $300. Problem 6-5A Part 1 Required: 1. Using FIFO, calculate ending inventory and cost of goods sold. Ending inventory Cost of goods sold