Alta Ski Company's inventory records contained the following information regarding its latest ski model. The company uses a perio inventory system. Required: 10. Which method, FIFO or LIFO, will result in the highest cost of goods sold figure for January 2024? 16. Which method will result in the highest ending inventory balance? 2. Compute cost of goods sold for January and the ending inventory using both the FIFO and LIFO methods 30. Assume that inventory costs were declining during January. The inventory purchased on January 15 had a unit cost of $70, and th inventory purchased on January 21 had a unit cost of $65. All other information is the same. Which method, FIFO or LIFO, will result in the highest cost of goods sold figure for January 2024 ? 3b. Which method will result in the highest ending inventory balance? 3c. Compute cost of goods sold forjanuary and the ending inventory using both the FFO and LIFO methods. Complete this question by entering your answers in the tabs below. Which method, fiFO or LFO, will resuit in the highest cost of goods sold figure for January 2024 and highest ending inventory balance? L. Lompute cost or gooas soid tor January ana the enaing inventory using poin the titu ana uru metnoas: 30. Assume that inventory costs were declining during January. The inventory purchased on January 15 had a unit cost of $70, and the inventory purchased on January 21 had a unit cost of $65. All other information is the same. Which method, FIFO or LIFO, will result in the highest cost of goods sold figure for January 2024 ? 3b. Which method will result in the highest ending inventory balance? 3c. Compute cost of goods sold for January and the ending inventory using both the FIFO and LIFO methods; Complete this question by entering your answers in the tabs below. Compute cost of goods sold for January and the ending inventory using both the FiFo and LFo methods. 1a. Which method. FIFO or LIFO, will result in the highest cost of goods sold figure for January 2024? 1b. Which method will result in the highest ending inventory balance? 2. Compute cost of goods sold for January and the ending inventory using both the FIFO and LIFO methods. 3a. Assume that inventory costs were declining during January. The inventory purchased on January 15 had a unit cost of inventory purchased on January 21 had a unit cost of $65. All other information is the same. Which method. FIFO or LIFO. the highest cost of goods sold figure for January 2024 ? 3b. Which method will result in the highest ending inventory balance? 3c. Compute cost of goods sold for January and the ending inventory using both the FIFO and LiFO methods: Complete this question by entering your answers in the tabs below. Assume that inventory costs were declining during January. Which method, FFO or LIFO, will resylt in the highest cost of goods sold figure for January 2024 and highest ending inventory balance? 2. Lompute cost or gooas soia for january ana the enaing inventory using pom tne tit U ana Litu metnoos 3a. Assume that inventory costs were declining during January. The inventory purchased on January 15 had a unit cost of $70, inventory purchased on January 21 had a unit cost of $65. All other information is the same Which method, FIFO or LIFO, will the highest cost of goods sold figure for January 2024 ? 3b. Which method will result in the highest ending inventory balance? 3c. Compute cost of goods sold for January and the ending inventory using both the FIFO and LIFO methods. Complete this question by entering your answers in the tabs below. Compute cost of goods sold for January and the ending inventory using both the FIFO and LIFo methods