0 Required information [The following information applies to the questions displayed below) Emily Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 2 Units 2.910 Unit Cost $ 12 Inventory, December 31, prior year For the current year Purchase, April 11 Purchase, June 1 Sales ($51 each) Operating expenses keluding income tax expense) 8,940 7800 10.990 13 18 $189.000 2. Compute the difference between the pretax income and the ending inventory amount for the two cases. Comparison of Amounts Case A Case B FIFO LIFO Difference Pretax income Ending Inventory Nittany Company uses a periodic Inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product t: Units Unit Cont $5 Inventary, December 31, prior year For the current years Purchase, March 21 Puhase, August 1 Tnventory. December 31, current year 3,000 3,000 4,000 Required: Compute ending Inventory and cost of goods sold for the current year under FIFO, UFO, and average cost inventory costing methods. LIFO Average Cost Ending Inventory Cost of goods sold FIFO