Hello,

Can someone please help me figure out the ending inventory and COGS for both FIFO and LIFO? (see below)

On December 1, 2020, Lily Company had the account balances shown below. Delill: and\": Cash $5,000 Accumulated DepreciationEquipment $1,100 Accounts Receivable 3,200 Accounts Payable 3,200 Inventory 2,?00\" Owner's Capital 23,600 Equipment 22,000 $32,900 $32,900 '(4,500 x $0.60) The following transactions occurred during December: Dec. 3 Purchased 4,400 units of inventory on account at a cost of $0.70 per unit. 5 Sold 4,900 units of inventory on account for $0.86 per unit. (Lily:F sold 4,500 of the $0.60 units and 400 of the $0.70.) 'I Granted the December 5 customer $198 credit for 200 units of inventory returned costing $132. These units were returned to inventory. 1? Purchased 2,100 units of inventory for cash at $0.76 each. 22 Sold 3,500 units of inventors.r on account for $0.91 per unit. [Lily sold 3,500 of the $0.70 units.) Adjustment data: 1. Accrued salaries payable $700. 2. Depreciation 5240 per month. (e) Compute ending inventory and cost of goods sold under FIFO, assuming Lily Company uses the periodic inventory system. X Ending Inventory 1976 X Cost of Goods Sold 5430 (f) Compute ending inventory and cost of goods sold under LIFO, assuming Lily Company uses the periodic inventory system. X Ending Inventory 1946 x Cost of Goods Sold 5400