com/lm/takeAssignment/takeAssignmentMaindo?invoker-assignments&takeAssignmentSessionlocato -assignment- take Calculator Exercise 6-63 (Algorithmic) Inventory Costing Methods: Peniodic Inventory System (Appendices 68) The inventory accounting records for Roth Corporation contained the following data: Beginning inventory Purchase 1, Feb. 26 Sale 1, March 9 Purchase 2, June 14 Sale 2, Sept. 22 Required: Calculate the cost of ending inventory and the cost of goods sold using the FIFO, LIFO, and average cost methods. (Note: Use four decimal plsc 400 units at $10 each 2,300 units at $14 each 2,500 units at $27 each 2,200 units at $15 each 2,100 units at $29 each al other numbers to the nearest dollar.) FIFO 4,500 64,700 Average cost LIFO 3,000 66,200 Cost of ending inventory 4,236 X Cost of goods sold 64,963 For cost of ending inventory and the cost of goods soid using the FiFO meh apply the fotowing steps Step 1 Caleulae the cost of goods aalable for sale for the period Steo 2 Apply the voy coting method necognising that under Firo the eaes purchases ifest in ae assumed to be the iest soid jthe frst out and the mos uses remaning com/lm/takeAssignment/takeAssignmentMaindo?invoker-assignments&takeAssignmentSessionlocato -assignment- take Calculator Exercise 6-63 (Algorithmic) Inventory Costing Methods: Peniodic Inventory System (Appendices 68) The inventory accounting records for Roth Corporation contained the following data: Beginning inventory Purchase 1, Feb. 26 Sale 1, March 9 Purchase 2, June 14 Sale 2, Sept. 22 Required: Calculate the cost of ending inventory and the cost of goods sold using the FIFO, LIFO, and average cost methods. (Note: Use four decimal plsc 400 units at $10 each 2,300 units at $14 each 2,500 units at $27 each 2,200 units at $15 each 2,100 units at $29 each al other numbers to the nearest dollar.) FIFO 4,500 64,700 Average cost LIFO 3,000 66,200 Cost of ending inventory 4,236 X Cost of goods sold 64,963 For cost of ending inventory and the cost of goods soid using the FiFO meh apply the fotowing steps Step 1 Caleulae the cost of goods aalable for sale for the period Steo 2 Apply the voy coting method necognising that under Firo the eaes purchases ifest in ae assumed to be the iest soid jthe frst out and the mos uses remaning