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all data on table.Fill in the blanks second Requirement 1. Prepare a comparative table computing the cost of goods sold using columns for FIFO and
all data on table.Fill in the blanks second Requirement 1. Prepare a comparative table computing the cost of goods sold using columns for FIFO and LIFO. In a final column, show (a) the difference between FIFO and LIFO inventories (th and at the end of the year, and (b) how the change in this amount explains the difference in cost of goods sold (Complete all answer boks. Enter for any zero amounts Use parentheses or a the LIFO and FIFO cost of goods sold the reserve has increased.) Data table 570 270 Units Una cost 9 LIFO FIFO LIFO Reserve Beginning inventory $ 153 $ 90 5 63 Purchases 480 480 Cost of goods avalable for sale 633 83 Ending inventory 90 180 Cost of goods sold $ 363 $ 4805 (117) Requirement 2. Repeat requirement 1. except assume that the ending inventory consisted of zero units. LIFO FIFO LIFO Reserve Beginning inventory $ 153 $ 90$ 63 Purchases 480 480 0 Cost of goods available for sale Ending inventory Beginning inventory Purchases TO 18 10 30 X Ending Inventory *FFO, S17: UFO, $10 To be computed Print Done Cost of goods sold
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