Question: Please help me solve theses two questions Cake Inc. sells shelf-stable candy cakes. During May 2017, its inventory records for one particular brand of shelf-stable

Please help me solve theses two questions

Please help me solve theses two questions Cake Inc. sells shelf-stable candy

Cake Inc. sells shelf-stable candy cakes. During May 2017, its inventory records for one particular brand of shelf-stable candy cake were as follows: Beginning Inventory .........." 1 1 cakes @ $8 May 1 Purchase ........" 13 cakes @ $6 May 4 Sale ... 12 cakes May 5 Purchase ..... 28 cakes @ $5 May 18 Sale ............. 30 cakes 1. See information for Cake Inc. above. Using this information, perpetual FIFO cost of goods sold is a. $246 b. $256 C. $266 d. None of the above 2. See information for Cake Inc. above. Using this information, perpetual LIFO cost of goods sold is a. $226 b. $228 c. $224 d. None of the above

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