Question Question 14 6 points Part-A Wahda Co. incurred the following transactions during the month of January 2019. January 1: Beginning Inventory (S0 units @ 10 per unit). January 10: Purchased 40 units @ Il per unit. January 15: Sold 60 units @ 15 per unit. January 22: Purchase 60 units @ 12 per unit. January 31: Sold 70 units @ 16 per unit. Required: Use "FIFO" methods and calculate the following: Calculate cost of ending inventory on January 31st, 2019 b. Calculate cost of goods sold for the period ending on January 31, 2019 (5 marks) Note: You need to make a table showing the following columns to show your working: Cost of goods sold Inventory Balance Date Part-B Purchases What is the consistency principle as per financial reporting standards and why a company should follow this principle? (1 mark) For the toolbar, press ALT F10 (PC) or ALT-FN-F10 (Mac). BIVS Paragraph Arial 14px A 2 I. OG