Hi, I'm working on an excel stimulation and the yellow highlighted portion I am looking for assistance in understanding what formulas need to be input.

1. Calculate cost of ending inventory and cost of goods sold using periodic FIFO, LIFO, and Weighted Average Cost methods. Inventory costing methods - Excel 7 0 -5X FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Callbri 95 Paste BIUT Alignment Number Conditional Format as Cell V Cell Formatting " Table " Styles Clipboard Fant Styles B18 X V f A C D E 1 Better Bottles, Inc., uses a periodic inventory system and has the following information available: Description # of Units Cost per Unit Total Cost 4 Beginning Inventory 20 $ 20.00 400.00 5 Jan. 15 Purchase 27 2200 594100 Jan. 20 Purchase 30.00 990 00 7 Goods Available for Sale 1.984100 5 Less: January Sales Ending Inventory 44 11 12 Required: 13 1) Calculate both the Ending Inventory and Cost of Goods Sold using Periodic FIFO. 14B18 X VE A C D E F . 14 15 FIFO Ending Inventory 16 Description # of Units Cost per Unit Total Cost 17 in. 20 Purchase 33 18 in. 15 Purchase 19 44 20 21 FIFO Cost of Goods Sold 22 Description # of Units Cost per Unit Total Cost 23 eginning Inventory 24 in. 15 Purchase 25 36 26 27 | Calculate both the Ending Inventory and Cost of Goods Sold using Periodic LIFO. 28 24 LIFO Ending Inventory 30 Description # of Units Cost per Unit Total Cost 31 eginning Inventory 37 in. 15 Purchase 33 44 34A C D E 27 2) Calculate both the Ending Inventory and Cost of Goods Sold using Periodic LIFO. 28 29 LIFO Ending Inventory 30 Description # of Units Cost per Unit Total Cost 31 Beginning Inventory 32 Jan. 15 Purchase 33 44 34 35 LIFO Cost of Goods Sold 36 Description # of Units Cost per Unit Total Cost 37 Jan. 20 Purchase 38 Jan. 15 Purchase 39 36B18 X v A C D E F . 41 3) Using Periodic Weighted Average. first calculate the cost per unit using the formula below. 42 Next, apply that same cost per unit to calculate both the Ending Inventory and Cost of Goods Sold. 43 44 45 Weighted Cost of Goods Available for Sale 46 Average Cost = Number of Units Available for Sale per unit 47 48 Weighted Average Ending Inventory 49 # of Units Cost per Unit Total Cost 50 51 52 Weighted Average Cost of Goods Sold 53 # of Units Cost per Unit Total Cost 54 55 56 4) Use the given information and your calculated numbers to complete the Cost of Goods Sold 57 Equation below for all three inventory methods. (All numbers should be positive.) 58 FIFO LIFO Wid. Avg. 59 Beginning Inventory 60 Add: Purchases 61 Goods Available for Sale 62 Less: Ending Inventory 63 Cost of Goods Sold 64 Sheet1 READY TH + 100%