E4.19 Based on the information provided and assuming The Downtown Appliance Center, Inc. uses a periodic inventory system and the last-in, first-out (LIFO) inventory method, determine cost of goods sold and ending inventory balance. E4.20 Based on the information provided and assuming The Downtown Appliance Center, Inc. uses a periodic inventory system and the first-in, first-out (FIFO) inventory method, determine cost of goods sold and ending inventory balance.

please show work because im having a hard time trying to figure these problem out thank you

Exercises 4.19 through 4.25 are based on the following information The Downtown Appliance Center, Inc. is a retailer of consumer appliances. One of its products is the Auto-Off Iron which had the following beginning inventory, purchase, and sales history during the current year: # of Irons Cost per Iron Total Cost January 1 inventory ............. $23 $161 May 6 purchases $26 $364 November 10 purchases $30 Available for sale ................... $795 July 14 sales .............. .. December 31 inventory ......... $270 The selling price of each Auto-Off Iron all year was $40