Comprehensive Problem 6 a-c, d1-d2, e-f (Part Level Submission) On December 1, 2020, Matthias Company had the account balances shown below. Debit Credit Cash Accumulated Depreciation Equipment Accounts Payable Accounts Receivable $4,400 3,800 1,680 * 21,800 $31,680 Inventory Equipment Common Stock $1,400 3,300 19,800 7,180 $31,680 Retained Earnings *(2,800 x $0.60) The following transactions occurred during December. Dec. 3 Purchased 4,200 units of inventory on account at a cost of $0.75 per unit. 5 Sold 4,400 units of inventory on account for $0.90 per unit. (Matthias sold 2,800 of the $0.60 units and 1,600 of the $0.75.) 7 Granted the December 5 customer $180 credit for 200 units of inventory returned costing $120. These units were returned to inventory. 17 Purchased 2,000 units of inventory for cash at $0.80 each. 22 Sold 2,000 units of inventory on account for $0.95 per unit. (Matthias sold 2,000 of the $0.75 units.) Adjustment data: 1. Accrued salaries payable $400. 2. Depreciation $210 per month. (f) Compute ending inventory and cost of goods sold under LIFO, assuming Matthias Company uses the periodic inventory system. Ending Inventory Cost of Goods Sold $