Question: I would like help with this question. I have the results but, I am not getting the same answers. Explanation is greatly appreciated! PROBLEM 2INVENTORY10%

I would like help with this question. I have the results

I would like help with this question. I have the results but, I am not getting the same answers.

Explanation is greatly appreciated!

PROBLEM 2INVENTORY10% INSTRUCTIONS: Solve the following problems and record the answers in the Answers column. For Scoring Answers Merchandise inventory 0. 0. The term for goods held for sale is 1-5. Selected data on sales and merchandise available for sale are as follows: January 1 Beginning inventory 10 units at $19 4 Purchase 40 units at $20 5 Sold 35 units at $29 8 Purchase 15 units at $21 12 Sold 20 units at $29 Based on the data above, the value of the ending inventory, under the following assumptions, is: 1. FIFO - perpetual inventory system 2. LIFO - perpetual inventory system 3. Average cost - periodic inventory system 4. FIFO - periodic inventory system 5. LIFO - periodic inventory system $210 1. S 2. S 3. 4. 22 5

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