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A restaurant during the first month purchased the following wines: Dec 24: Purchased 10 each wine @$23 Dec 26: Purchased 16 each wine @$26 March

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A restaurant during the first month purchased the following wines: Dec 24: Purchased 10 each wine @$23 Dec 26: Purchased 16 each wine @$26 March 31: Sold 14 units during March @$38 each. Determine the value of El and CoS for December using: a). First-in, First-out method (FIFO) (8 pts) b). Last-in, First-out method (LIFO) (8 pts) HTML Editor B IV A - A - IX E 1 1 1 1 XX, E NV V cene DTT 12pt

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