Question 4: (4 marks each case 2 mark) Alhekma Company reports the following for the month of December Units 30 Date Dec. 1 Dec. 12 Dec. 19 Dec. 26 Explanation Inventory Purchases Purchases Purchases Total Unit Cost Total Cost 100 S 3,000 103 TS 5.150 99S 1,980 S 88 TS 2.640 S 12.770 130 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