Question: answer #2 please Problem #1 ABC Company uses a perpetual inventory system and the information for Product LG58x is shown below. Complete a perpetual inventory

Problem #1 ABC Company uses a perpetual inventory system and the information for Product LG58x is shown below. Complete a perpetual inventory sheet for this product using the First-in, First-out (FIFO) Method. March 3rd March 5th March 10th March 18th March 20th March 28th March 31st Inventory 24 units @ $4.00 Purchased 30 units @ $4.10 Purchased 24 units @ $4.12 Sold 10 units @ $11.75 Sold 30 units @ $11.75 Purchased Purchased 12 units @ $4.15 Sold 20 units @ $11.75 Problem #2 Complete a perpetual inventory sheet for the product in the first problem (above) using the Last-in, First-out (LIFO) Method. Perpetual Inventory Card Purchases Unit Cost Cost of Merchandise Sold Quantity Unit Cost Total Cost Inventory Unit Cost Date Quantity Total Cost Quantity Total Cost
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