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Hello, I need help finding the LIFO and FIFO. Thank you! Compute ending inventory and cost of goods sold under FIFO, assuming Bonita Company uses

Hello, I need help finding the LIFO and FIFO. Thank you!

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Compute ending inventory and cost of goods sold under FIFO, assuming Bonita Company uses the periodic inventory system. Ending Inventory 2310 Cost of Goods Sold 5842 (f) Compute ending inventory and cost of goods sold under LIFO, assuming Bonita Company uses the periodic inventory system. Ending Inventory 1800 X Cost of Goods Sold 4570 Click if you would like to Show Work for this question: Open Show WorkOn December 1, 2020, Bonita Company had the account balances shown below. Debit Credit Cash $5,300 Accumulated Depreciation-Equipment $1,300 Accounts Receivable 4,000 Accounts Payable 3,600 Inventory 2,760* Owner's Capital 30,160 Equipment 23,000 $35,060 $35,060 *(4,600 x $0.60) The following transactions occurred during December: Dec. 3 Purchased 4,800 units of inventory on account at a cost of $0.74 per unit. 5 Sold 5,300 units of inventory on account for $0.90 per unit. (Bonita sold 4,600 of the $0.60 units and 700 of the $0.74.) 7 Granted the December 5 customer $150 credit for 200 units of inventory returned costing $100. These units were returned to inventory. 17 Purchased 2,300 units of inventory for cash at $0.80 each. 22 Sold 3,600 units of inventory on account for $0.95 per unit. (Bonita sold 3,600 of the $0.74 units.) Adjustment data: 1. Accrued salaries payable $400. 2. Depreciation $400 per month

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