Question: Can you please help me with these two? I will give you a thumbs up FIFO and LIFO Costs Under Perpetual Inventory System The following

Can you please help me with these two? I will give you a thumbs up

a thumbs up FIFO and LIFO Costs Under Perpetual Inventory System The

FIFO and LIFO Costs Under Perpetual Inventory System The following units of an item were available for sale during the year: Beginning inventory 34 units at $44 Sale 18 units at $64 First purchase 38 units at $45 Sale 33 units at $66 Second purchase 26 units at $46 Sale 23 units at $68 The firm uses the perpetual inventory system, and there are 24 units of the item on hand at the end of the year. a. What is the total cost of the ending inventory according to FIFO? b. What is the total cost of the ending inventory according to LIFO? FIFO and LIFO Costs Under Perpetual Inventory System The following units of an item were available for sale during the year: Beginning inventory 20 units at $43 Sale 17 units at $69 First purchase 38 units at $44 Sale 34 units at $70 Second purchase 19 units at $45 Sale 17 units at $71 The firm uses the perpetual inventory system, and there are 9 units of the item on hand at the end of the year. a. What is the total cost of the ending inventory according to FIFO? b. What is the total cost of the ending inventory according to LIFO

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