Help Save & WHEUS ALYUTEU a USL 40 units @ $2 = $ 80 Retail vace ALLAVILICS Jan. 1 Beginning inventory Jan. 3 Sales Feb. 14 Purchase Feb. 15 Sales June 30 Purchase Nov. 6 Sales Nov. 19 Purchase Totals 30 units @ $8 70 units @ $3 = $210 90 units @ $4 = $360 60 units @ $8 86 units @ $8 20 units @ $5 = $100 220 units $750 pok 176 units nces Required: The company uses a periodic inventory system. a. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. b. Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. c. Compute the gross margin for each method. Complete this question by entering your answers in the tabs below. Required A Required B Required C Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. Periodic Inventory System Cost of Ending Inventory Goods Sold LIFO Help Sa 70 units @ $3 = $210 30 units @ $8 Jan. 3 Sales Feb. 14 Purchase Feb. 15 Sales June 30 Purchase Nov. 6 Sales Nov.19 Purchase Totals 60 units @ $8 90 units @ $4 = $360 86 units @ $8 20 units @ $5 = $100 220 units $750 176 units Book Print Required: The company uses a periodic inventory system. rences a. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. b. Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. C. Compute the gross margin for each method. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the gross margin for each method. Gross Margin FIFO L IFO $ 0 $ 0