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500 Numerical problem (25 points)- Show all your work 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 for the first six months of 2020 Quantities Date Unit Price Purchased Sold Balance January 11 $5.00 300 January 24 $5.40 900 1,200 February 8 700 June 11 $5.70 1,100 Instructions (a) Compute the ending inventory and cost of goods sold at June 30 under the perpetual FIFO inventory pricing method by filling in the following table. Date Beginning or Purchased Sold Balance Quantity * Cost Quantity * Cost Price Quantity * Cost Price January 11 300 x $5.00 Price $1,500 400 OF January 24 February 8 June 11 TUTORIAL (b) Compute the ending inventory and cost of goods sold for the first six months under the periodic LIFO inventory pricing method