42 43 The following information is available for the Buccaneers Company on December 31st 2020 44 AS 46 47 4 49 50 32 54 35 56 Inventory 1000 units at $4.65 each selling price of inventory commission on sale of inventory normal profit 20% of selling price replacement cost of inventory $7 $1.50 $5.95 a) If Buccaneers Company uses FIFO what amount (per unit) should they show for inventory on their balance sheet a1) if needed give the appropriate journal entry b) If Buccaneers Company uses LIFO what amount (per unit) should they show for inventory on their balance sheet b1) if needed give the appropriate journal entry Part 5