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Below is a schedule tracking the inventory of alarm clocks at Azziz's Alarms for the month of February: Date Transaction Feb 1 Beginning Inventory

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Below is a schedule tracking the inventory of alarm clocks at Azziz's Alarms for the month of February: Date Transaction Feb 1 Beginning Inventory 10 Purchase 13 Sale 25 Purchase 27 Sale Units Unit Purchase Price Unit Sales Price 5 $13.00 4 14.50 (6) 2 (4) $15.00 $25.00 $26.00 a) Using the inventory schedule provided, calculate the total cost of goods sold and ending inventory for the month of February, using the FIFO costing method. Complete the boxes to show the final COGS and Ending Inventory. b) Using the inventory schedule provided, calculate the total cost of goods sold and ending inventory for the month of February using the average cost method. Round to 2 decimal places (you can use the less decimals button). Complete the boxes to show the final COGS and Ending Inventory. c) At the end of the month (February 29) Azziz notes the following about his inventory of alarm clocks. Merchandise inventory in the ledger is recorded at 7,100. A physical count reveals an inventory of 6,875.

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