Question: Please answer ASAP. Margent Ltd inventory activity for June is shown below. Margent uses a perpetual inventory system: Date Transaction Units Unit cost Total cost

Please answer ASAP.

Please answer ASAP. Margent Ltd inventory activity for June is shown below.

Margent Ltd inventory activity for June is shown below. Margent uses a perpetual inventory system: Date Transaction Units Unit cost Total cost 1 April Beginning inventory 42 $45 $1,890 7 April Purchase 52 $48 $2,496 9 April Sale 60 14 April Purchase 45 $50 $2,250 30 April Sale 50 Required: a. Calculate the ending inventory and cost of each sales under the FIFO method. [5 marks] b. Calculate the ending inventory and cost of each sales under the weighted average method. [5 marks] [Total for Question 26 = 10 marks]

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