**************hello there need help with this merchandise costing question ************************

Down below is the inventory transaction history for a product line, as bought and sold by Tiger limited . The company use First-In, First Out method under the perpetual approach to cost their inventory.

may 1 Transaction. Units $/units

may3 Opening Balance. 49. $. 1.73

may4 Purchase. 18. $ 7.53

may5 Sale. 59. ??

may 8 Purchase . 12. $ 9.78

a) Figure of the Cost of Goods Sold for month of May and the ending Inventory balance for the month under the First-In, First Out Method. Show work Date Inventory Cost of goods sold B, how will your answer going to change if you used the average method instead?

Date. Inventory. Cost of goods

B, how will your answer going to change if you used the average method instead?