Alto Ski Company's inventory records contained the following information regarding its latest ski model. The company uses a periodic inventory system. Beginning inventylan 1. 2018 1,700 units 1,500 units 5105 each $110 each January 21 Sales January 22 January 29 Ending inventory, January 31, 2018 758 units $1% pach 1,150 units 5148 each 600 units e 5145 each Required: 10. Which method, FIFO or LIFO, will result in the highest cost of goods sold figure for January 2018? 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. Complete this question by entering your answers in the tabs below. Raq 1A and 1B Reg 2 Compute cost of goods sold for January and the ending Inventory using both the FIFO and LIFO methods. Cost of Goods Available for Sale Cost of Goods Sold - Periodic FIFO Ending Inventory - Periodic FIFO FIED COST OF G0008 un P of units Available for Pastrar unit unit sold todo Goods Sold unit Inventory IS Beginning Inventory Purchases: January 15 January 21 OP SOON of $ Cost of Goods Available for Sale Cost of Goods Sold - Periodic LIFO LIFO of units Cost per Cost of Goods Available for of units Ending Cost per unit Goods Sold Beginning Inventory Purchases January 15 January 21