Pane 4 of 10 Numerical problems (90 points = 15 points * 6 problems) - Show all your work [Problem 1) Matlock Corporation sells item A as part of its product line. Information as to balances on hand, purchases, and sales of item A are given in the following table for the first six months of 2020. Quantities Purchased Sold Date January 11 January 24 February 8 June 11 Unit Price $5.00 $5.40 900 Balance 300 1,200 700 1,100 500 500 $5.70 400 Instructions (a) Compute the ending inventory and cost of goods sold at June 30 under the perpetual LIFO inventory pricing method. Use the following template. Date Sold Cost Beginning or Purchased Quantity Cost Price 300 x $5.00 $1,500 Quantity Price Balance Quantity Price Cost January 11 January 24 February 8 June 11