Question 4: (4 marks each case 2 mark) Alhekma Company reports the following for the month of December Date Explanation Units Unit Cost Total Cost Dec. 1 Inventory 30 $ 100 $ 3,000 Dec. 12 Purchases 50 $ 103 $ 5,150 Dec. 19 Purchases 20 $ 99$ 1,980 Dec. 26 Purchases 30 $ 88$ 2,640 Total 130 $ 12,770 Instructions 1. Show computations to value the ending inventory using the FIFO cost assumption if 50 units remain on hand at December 31. 2. Show computations to value the ending inventory using the LIFO cost assumption if 50 units remain on hand at December 31