1. Determine Ending Inventory for the month (January) if the company uses the perpetual LIFO method to value its inventory (btw the gross profit for January using the perpetual FIFO method is $15,785)

answer options:

$36,880

$35,135

$35,620

2. Determine the value of Cost of Goods Sold for January using the Average Cost Method of inventory valuation

answer choices:

$36,975

$35,525

$16,175

The following information was collected from the inventory records of Aggie Company for the month of January 2022