Question: help? 125% Zoom BE Table T Teal Ad Category Insert Chart View Shage Inventory Receivable 1) Date 1/1/22 7/1/22 7/30/22 10/1/22 12/1/22 12/21/22 Description Purchased

help?
help? 125% Zoom BE Table T Teal Ad Category Insert Chart View

125% Zoom BE Table T Teal Ad Category Insert Chart View Shage Inventory Receivable 1) Date 1/1/22 7/1/22 7/30/22 10/1/22 12/1/22 12/21/22 Description Purchased Purchased Sold Purchased Purchased Quantity 3 Items @ $20 per item 4 items @ $10 per item 5 items 5 items @ $10 per item 10 items @ $20 per item 10 items Sold a) Calculate both the ending Inventory and the COGS using the FIFO method. b) using the COGS calculated from above, if you had $1,000 in sales, what would your net income be? 2) Date 1/1/22 7/1/22 7/30/22 10/1/22 12/1/22 12/21/22 Description Purchased Purchased Sold Purchased Purchased Sold Quantity 3 items @ $20 per item 4 items @ $10 per item 5 items 5 items $10 per item 10 items @ $20 per item 10 items a) Calculate both the ending inventory and the COGS using the LIFO method. b) using the COGS calculated from above, if you had $1,000 in sales, what would your net income be

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