Question: please help me with this inventory homework sheets by answering 1 and 2, as well as a and b. THANK YOU. G A 1 2
G A 1 2 1) 3 4 5 6 Date 2/11/20 5/10/20 7/17/20 8/3/20 9/01/20 12/4/20 Description Purchased Purchased Sold Purchased Sold Purchased Quantity 3 Items @ $12 per item 4 items @ $10 per item 4 items of inventory 6 items @ $11 per item 7 items of inventory 2 Items @ $12 per item 7 8 9 a. Calculate ending inventory at 12/31/20 using the FIFO method. b. Calculate Cost of Goods Sold (COGS) at 12/31/20 using the FIFO method. + 10 11 12 13 14 15 16 17 2) 18 19 20 21 22 23 24 25 26 27 28 29 Date 2/11/20 5/10/20 7/17/20 8/3/20 9/01/20 12/4/20 Description Purchased Purchased Sold Purchased Sold Purchased Quantity 3 Items @ $12 per item 4 items @ $10 per item 4 items 6 items @ $11 per item 7 items of inventory 2 Items @ Si2 per item a. Calculate ending Inventory at 12/31/20 using the LIFO method. b. Calculate Cost of Goods Sold (COGS) at 12/31/20 using the LIFO method 30
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