Question: Work the following problem and submit it electronically through this assignment. If you have everything correct, you will get 5 extra credit points. You MUST

 Work the following problem and submit it electronically through this assignment.

Work the following problem and submit it electronically through this assignment. If you have everything correct, you will get 5 extra credit points. You MUST show your work to get the points. Beginning inventory, March 1 10 units @ $40 per unit Purchases: Mar. 10 8 units @ $41 per unit Mar. 22 10 units @ $42 per unit Sales: Mar. 4 7 units Mar. 22 4 units Mar. 28 2 units Requirement 1: Determine the Goods Available for Sale. Requirement 2: Determine the Ending Inventory in Units and Total Cost using A) FIFO Periodic and B) LIFO Periodic Requirement 3: Determine Cost of Goods Sold (do not calculate in term of units) for A) FIFO periodic and B) LIFO Periodic

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