Question: Please answer for both inventory systems Question 14 3 pts Use the following for questions 14 and 15: Matlock Corporation sells item A as part

Question 14 3 pts Use the following for questions 14 and 15: 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 through June 30, 2020. (Round final answer and all intermediate calculations two decimal places. The questions are formatted to accept all answers within +/- $2 from the correct answer, so don't worry too much about rounding. DO NOT enter dollar signs in your answers.) Date Qty Purchased Qty Sold Balance (In Units) Unit Cost of Purchase January 11 (Beg. Bal.) 400 $4.65 1,300 1.700 $4.90 January 24 February 8 300 1,400 March 16 560 840 June 11 600 1,440 $5.10 Determine ending inventory using the average cost method assuming the company uses the periodic inventory system 1,300 January 24 February 8 1,700 $4.90 300 1,400 March 16 560 840 June 11 600 1.440 $5.10 Determine ending inventory using the average cost method assuming the company uses the periodic Inventory system. D Question 15 4 pts Determine ending inventory using the average cost method assuming the company uses the perpetual inventory system
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