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answer 3&4 no handwritings please sells part number 86Z to auto parts stores around the world. Information about part number8 contained in the table below.

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sells part number 86Z to auto parts stores around the world. Information about part number8 contained in the table below. Vango uses a FIFO periodic inventory system. (5 points) Unit Cost Total Cost Number of Units 2,000 3,000 5,000 10,000 $8.00 $8.20 $8.60 $16,000 $24,600 $43,000 $83,600 Beginning inventory Purchase Purchase Totals Determine the cost of goods sold and ending inventory value of part 86Z, if 4,000 inventory at the end of the accounting period. units remain unsold in 4) During the month of December, Brooklyn Bicycles reported the follo Units Cost inventory transactions: Purchase Purchase Sold Purchase Sold 120.00 55| $ 125.00 (47) 225.00 76 $140.00 (98) $ 298.00 the period Brooklyn incurred $8,500 in aditional operatingexpenses. Note Brooklyn uses a periodie x rate of 30% and had nobeginninginventory. inventory system, has an income ta Required: a. Prepare a multi-step income statement for Brooklyn, assuming that it uses the LIFO inventory valuation (8 points) and a periodic system. b. Determine the ending inventory balance that would appear on Brooklyn's balance sheet at the end of December. SHOW ALL YOUR WORK

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