Question: Please show all your work and ensure to answer all parts of the question for a good rating. Thank you! 9. (4 pts) Given the

Please show all your work and ensure to answer all parts of the question for a good rating. Thank you!

9. (4 pts) Given the following gas purchases during the month by an owner of gas station, compute the value of the ending gasoline inventory. Total gallons sold during the month was 43500. a) FIFO S/gal Cost (SK) 15.0 19.2 Quantity (gals 10000 12000 11000 10500 10000 1.50 1.60 1.55 17.05 Beginning Inventory 1st Week 2nd Week 3rd Week 4th Week Totals COGS Ending Inventory 1.80 18.9 19.0 1.90 43500 b. LIFO S/gal 1.50 1.60 Quantity (gals) 10000 12000 11000 10500 10000 Beginning Inventory 1st Week 2nd Week 3rd Week 4th Week Totals COGS Ending Inventory Cost (SK) 15.0 19.2 17.05 18.9 19.0 1.55 1.80 1.90 43500

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