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help i keep getting wrong Alta Ski Company's inventory records contained the following information regarding its latest ski model. The company uses a periodic inventory

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Alta Ski Company's inventory records contained the following information regarding its latest ski model. The company uses a periodic inventory system 750 units $85 each 1,600 units $100 each 1,400 units $105 each Beginning inventory, January 1, 2021 Purchases: January 15 January 21 Sales: January 5 January 22 January 29 Ending Inventory, January 31, 2021 700 units @ $125 each 1,100 units $135 each 550 units $140 each 1,400 units Required: 1o. Which method. FIFO or UFO will result in the highest cost of goods sold figure for January 2021? 1b. Which method will result in the highest ending inventory balance? 2. Compute cost of goods sold for January and the ending inventory using both the FIFO and LIFO methods. 30. Assume that inventory costs were decling during January. The inventory purchased on January 15 had a unit cost of $75, and the inventory purchased on January 21 had a unit cost of $70. All other information is the same. Which method, FIFO OF LIFO will result in the highest cost of goods sold figure for January 2021? 3b. Which method will result in the highest ending inventory balance? 3c. Compute cost of goods sold for January and the ending inventory using both the FIFO and LIFO methods. ese ng USUU YUuus Vinyles January 20 21 3b. Which method will result in the highest ending inventory balance? 3c. Compute cost of goods sold for January and the ending inventory using both the FIFO and LIFO methods. Compute cost of goods sold for January and the ending inventory using both the FIFO and LIFO methods Reg 1A and 18 Reg2 Reg 3A and 38 Reg 30 Which method, FIFO or LIFO, will result in the highest cost of goods sold figure for January 2021 and highest ending inventory balance? 10 Highest cost of goods sold figuro 1b Highest ending inventory balance LIFO FIFO Reg 2 > COLECDL U you buy am E HUY TIVEMUTY ng LI HEM ON LIHUTUS. Reg 1A and 1B Reg 2 Req 3A and 38 Reg 3 Compute cost of goods sold for January and the ending inventory using both the FIFO and LIFO methods. Cont of Goods Available for Sale Cost of Goods Sold Periodic Fifo Ending Inventory - Periodic FIFO FIED Cost of Goods Cost per # of units # of units Available for of units Cost per Cost of Cost per unit Ending Salo sold unit in ending Goods Sold unit Inventory Inventory Beginning Inventory 750 S 85 S 63,750 750 S 85 S 63.750 $ 85 $ 0 Purchases January 15 1000 5100 100 000 1.500 5 100 160,000 $ 100 0 January 21 1400 $ 105 147 000 $ 105 0 $ 105 Total 3,750 $ 370.750 2350 $ 223 750 0 $ 0 LIFO Cost per Cost of Goods Available for Sale Cost of Goods Sold - Periodic LIFO Cost of Goods of units Available for #of units Cost per Cost of unit sold unit Sale Goods Sold 750 855 53 750 S 855 0 Ending Inventory - Periodic LIFO of units in ending Ending Inventory unit Inventory $ 85 Cost per Beginning inventory Purchases January 15 January 21 Total $ 100 S 1000 5100 1.400 105 3.750 160,000 147,000 370 750 100 105 5 105 S S 0 $ 0 0 0 $ Compute cost of goods sold for January and the ending inventory using both the FIFO and LIFO methods. Req 1A and 1B Reg 2 Reg 3A and 38 Req 3C Assume that inventory costs were declining during January, which method, FIFO or LIFd, will result in the highest cost of goods sold figure for January 2021 and highest ending inventory balance? 3a Highest cost of goods sold figure Highest ending inventory balance 3b Reg 2 Req3C > Saved Reg 1A and 1B Reg 2 Reg 3A and 3B Req 30 Cost per Compute cost of goods sold for January and the ending inventory using both the FIFO and LIFO methods. Cost of Goods Available for Sale Cost of Goods Sold - Periodic - FIFO FIFO Inventory Balance - Periodic FIFO FIFO: Cost of # of #of Cost per Goods Cost per Cost of # of units units units Ending unit Available for in ending unit sold Goods Sold unit Sale Inventory Inventory Beg Inventory 750 S 85.00 S 63.750 $ 85.00 S 85.00 $ 0 Purchases January 15 1,600 75.00 120,000 75.00 7500 0 January 21 1.400 70.00 98,000 70.00 O 70.00 Total 3.750 $ 281 750 0 $ 0 $ 0 Cost ot Goods Available for Sale Cost of Goods Sold - Periodic -LIFO LIFO Inventory Balance - Periodic LIFO LIFO Cost of #o Cost per # of Goods Cost per #of units Cost of units unit units Ending Available for unit in ending sold Goods Sold inventory unit Sale Inventory Beg Inventory 750 $ 8500 $ 63.750 $ 8500 $ 85.00 $ D Purchases January 15 1.600 75.00 120.000 75 00 75 00 January 21 1.400 70.00 98,000 70 00 70.00 Total 3.750 $281.750 0 S 0 0 S 0 Cost per ere to search d

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