Question: Solve question 4 and show work. Use the excel sheet for reference on the proper LIFO method. Example of proper LIFO below! Beginning inventory, purchases,

Solve question 4 and show work. Use the excel sheet for reference on the proper LIFO method.

Solve question 4 and show work. Use the excel sheet for reference

Example of proper LIFO below!

on the proper LIFO method. Example of proper LIFO below! Beginning inventory,

Beginning inventory, purchases, and sales for Item XJ-56 are as follows: May 1 Beginning inventory 90 units @ \$36 each May 6 Sold 75 units @ \$50 each May 15 Purchased 125 units@ \$38 each May 24 Sold 80 units@ \$51 each What is the cost of goods sold for May using a LIFO inventory costing method in a perpetual inventory system? Please show all calculations in order to receive credit. Problem 2 - Accounting for Inventory in a Perpetual Inventory System using LIFO Required: The beginning inventory and the purchases and sales of inventory for March for the Carolina Company are as presented below. Complete the inventory schedule assuming the LIFO Inventory valuation method is used

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