Question 4: (4 marks each case 2 mark) Alhekma Company reports the following for the month of December Date Dec. 1 Dec. 12 Dec. 19 Dec. 26 Explanation Inventory Purchases Purchases Purchases Total Units 30 ISO 20 | 30 130 Unit Cost $ 100 S 103 S 99 IS 88 Total Cost $ 3,000 $ 5,150 1,980 $ 2,640 IS 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