financial statement analysis

Date Purchases Description Units Unit Cost Sales Units Selling Price Unit 100 60 $60 $78 70 9/1 9/3 9/4 9/10 9/16 9/19 9/25 9/30 Beginning inventory Purchase Sales Purchase Sales Sales Sales Purchase 200 $120 $82 $130 80 60 50 $130 40 S130 $90 Required a. using the FIFO assumption, calculate the amount charged to cost of goods sold for September (Show computations) b. Using the LIFO assumption, calculate the amount assigned to the inventory on hand on September 30. (Show computations) c. Calculate the LIFO reserve that would be reported in the company's books on September 30 if using LIFO