33-34

PLEASE PROVIDE A SOLUTION

Light Company is a wholesaler of scented candles. The activity for item number 1234 during June, 2020 is presented below:

Date	Transactions	Units	Cost
June 01	Inventory balance	6,000	20
04	Purchases	9,000	24
12	Sales	10,800
19	Purchases	14,400	26
22	Sales	11,400
29	Purchases	4,800	27

1.) Under the FIFO periodic inventory system, how much is the ending inventory of item number 1234 at June 30?

Group of answer choices

A. P 316,800

B. P 278,400

C. P 302,400

D. P 280,800

2.) Under the FIFO perpetual inventory system, how much is the ending inventory of item number 1234 on June 30?

Group of answer choices

A. P 278,400

B. P 280,800

C. P 302,400

D. P 316,800

PLEASE PROVIDE A SOLUTION