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A Moving to the next question prevents changes to this answer. Question 4 The Pins Shop shows the following data related to an item of

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A Moving to the next question prevents changes to this answer. Question 4 The Pins Shop shows the following data related to an item of inventory. SHOW ALL COMPUTATIONS IN Inventory, December 1 145 units @ $5.00 Purchases, December 10 400 units @ $5.40 Purchases, December 25 140 units @ $6.00 Ending Inventory in warehouse, January 31 amounted to 175 units. REQUIRED: a. What value should be assigned to the ending inventory and cost of goods sold using FIFO? b. What value should be assigned to the ending inventory and cost of goods sold using LIFO? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Arial 3 (12pt) FIFO

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