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****Can you please show work to solutions this is my second time posting this question the first person got it wrong thank you**** 1. Firm

****Can you please show work to solutions this is my second time posting this question the first person got it wrong thank you****

1. Firm B began operations in January 2021. Inventory purchase and sales information for the quarter ended March 31, 2021 is provided below:

Purchases:

Units (#)

Unit Cost

Total Cost

January 5

200

$ 4.00

$ 800.00

February 5

250

$ 4.25

$ 1,062.50

March 5

150

$ 4.75

$ 712.50

Sales:

January 10

150

March 15

300

Using the data provided, complete the following table:

FIFO - Perpetual

LIFO - Perpetual

Average Cost - Perpetual

FIFO - Periodic

LIFO - Periodic

Average Cost - Periodic

COGS

Ending Inventory

Firm C adopted the dollar-value LIFO method on January 1, 2021 when its inventory had a value of $320,000. Inventory data for 2021 through 2023 are as follows:

Date

Ending Inventory at Year-End Costs

Cost Index

12/31/2021

637,500

1.02

12/31/2022

688,800

1.12

12/31/2023

816,000

1.2

Using the data provided, calculate the following:

a. Ending inventory for 2021 = _______________

b. Ending inventory for 2022 = _______________

c. Ending inventory for 2023 = _______________

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