Financial accounting

21. Concho Co. uses a periodie inventory system and has the following information in regard to its inventory: Beginning inventory Purchase on January 25 Purchase on March 15 Purchase on October 2 300 units a 15 500 units a 16 00 units 17 200 units @ 18 400 units S4.50 8,00 3,40 3,600 Ending Inventory here are 400 units in ending inventory. What is the amount reported on the Balance Sheet for ending inventory using the FIFO method? $6,100 $7,000 $6,500 D. $6,000 E. $7,200 22. Concho Co. uses a periodic inventory system and has the following information in regard to its inventory: Beginning inventory Purchase on January 25 Purchase on March 15 Purchase on October 2 300 units a 15 500 units a 16 00 units a 17 200 units a 18 $4,500 8,000 3.40 3,600 Goods available for sale 1,200 units There are 400 units in ending inventory. What is the amount reported on the Balance Sheet for ending inventory using the LIFO method? $7,200 $6,100 $6,600 D. $6,000 E. $7,000