I need help for the LIFO method for this one, and please be sure to show your work for your answers to Part a and Part b.

Thx!

BTN 6-6 Each team member has the responsibility to become an expert on an inventory method. This expertise will be used to facilitate teammates' understanding of the concepts relevant to that method 1. Each learning team member should select an area for expertise by choosing one of the following inventory methods: specific identification, LIFO, FIFO, or weighted average. 2. [not relevant to our class 3. Using the following data, each student is to develop a presentation that illustrates the relevant concepts and procedures for its inventory method Data The company uses a perpetual inventory system. It had the following beginning inventory and current-year purchases of its product. 150 units $12018,000 The company transacted sales on the following dates at a $350 per unit sales price. Jan. 10 30 units (specific cost: 30 @ $100) Feb. 15 100 units (specific cost: 100 $120) Oct. 5 350 units (specific cost: 100 @$150 and 250 @ $200) Concepts and Procedures to Illustrate in Expert Presentation a. Identify and compute the costs to assign to the units sold. (Round per unit costs to three decimals.) b. Identify and compute the costs to assign to the units in ending inventory. (Round inventory balances to the dollar.)