please answer both questions

! Required Information [The following information applies to the questions displayed below) Causwell Company began 2021 with 15,000 units of inventory on hand. The cost of each unit was $5.00. During 2021 an additional 35,000 units were purchased at a single unit cost, and 25,000 units remained on hand at the end of 2021 (25,000 units therefore were sold during 2021). Causwell uses a periodic Inventory system. Cost of goods sold for 2021, applying the average cost method, is $142,500. The company is interested in determining what cost of goods sold would have been if the FIFO or LIFO methods were used. Required: 1. Determine the cost of goods sold for 2021 using the FIFO method. (Hint: Determine the cost per unit of 2021 purchases. (Do not round intermediate calculations.) FIFO out of goods sold Required information [The following information applies to the questions displayed below) Causwell Company began 2021 with 15,000 units of inventory on hand. The cost of each unit was $5.00. During 2021 an additional 35,000 units were purchased at a single unit cost, and 25,000 units remained on hand at the end of 2021 (25,000 units therefore were sold during 2021). Causwell uses a periodic inventory system. Cost of goods sold for 2021, applying the average cost method, is $142,500. The company is interested in determining what cost of goods sold would have been if the FIFO or LIFO methods were used. Required: 2. Determine the cost of goods sold for 2021 using the LIFO method. (Do not round intermediate calculations.) LSFO out of goods sold