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(5 points) Hawley Inc is a retailer of electronic equipment. On 1/1/2022 Hawley had 100 TV's that had a cost of $250 each. Hawley
(5 points) Hawley Inc is a retailer of electronic equipment. On 1/1/2022 Hawley had 100 TV's that had a cost of $250 each. Hawley purchased 200 TV's on 1/12/2022 for $260 each and 300 TV's on 1/19/2022 for $300 each. Hawley sold 400 TV's during the month for $500 each. (A) Compute Hawley's Ending Inventory using periodic LIFO (show work)? (B) What is Hawley's Gross Profit for January if Hawley used perpetual FIFO (show work)? I
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