Question: Use the following information to answer questions #1-2. Computers for your store were purchased each month from January through April. However, the cost varied because

Use the following information to answer questions #1-2. Computers for your store were purchased each month from January through April. However, the cost varied because of the manufacturer's price reductions.

Month. Units Purchased Unit Cost

Jan 12 $1,100.00
Feb 10 $1,100.00
Mar 20 $1,000.00
Apr 15 $ 950.00

1. At the end of April, a stock count was conducted. Ten computers remained in stock. Using the LIFO method, calculate the dollar value of the computers remaining in stock. Please show all calculations and rounding to two decimal places.

2. Using the FIFO method, calculate the dollar value of the computers remaining in stock. Please show all calculations and rounding to two decimal places.

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