Above is LIFO for problem 1 ^ information needed to answer the following:

^ this is the question I need answered

Problem 1 Exquisite Cookie Company started in business in 2017 and sells high-end decorated cookies. The following details purchases of cookies for resale in 2017 and 2018: Date 1/1/2017 2/5/2017 6/23/2017 9/28/2017 Total # of Units 10 40 20 50 120 Per Unit Cost $12 $14 $15 $17 Total Cost $120 $560 $300 $850 $1,830 3/3/2018 7/4/2018 11/24/2018 Total 25 30 60 115 $20 $24 $25 $500 $720 $1,500 $2,720 Ending inventory on December 31, 2017 was 25 cookies and on December 31, 2018 was 35 cookies. LIFO a. Ending Inventory, 2017 | $ 330.00 b. Cost of Goods Sold, 2017 | $1,500.00 c. Ending Inventory, 2018 | $ 530.00 d. Cost of Goods Sold, 2018 | $ 2,520.00 Problem 2 Assuming that the purchase at the end of each year represents the replacement cost for inventory in that year, use the data in Problem 2 to calculate Exquisite's LIFO Reserve in 2017 and 2018