File Home Insert Page Layout Formulas Data Review View Help Acrobat C11 D mockexam [Read-Only) Excel Tell me what you want to E F 1 Part 1: 2 On January 1st ABC Company began Business by selling stock for $35000 3 On January 4th ABC Company purchased 1000 units of inventory at $1 each 4 On Janaury 25th ABC Company purchased 1000 units of inventory at $2each 5 On January 31st, a count of ABC's Warehouse showed 900 units which consisted of $600 from 6 January 25th and 300 from January 4th 7 Sales for January were $5000 dollars 8 ABC is in the 10% tax bracket and on January 31st ABC had no receivables or payables 9 10 required: For January determine; ending inventory, cost of goods sold, income and ending cash under a) specific id 11 12 13 14 15 16 17 b) FIFO c) Average cost d) LIFO Part 2: 18 On January 1st 2020 the Hoth Company had inventory or $40,000 19 From January 1st to October 31st Hoth Company;