Homework Question no. 1: - Fahed Co incurred the following transactions during the month of December 2019, December 1: Beginning Inventory (108 units @ 5.25 per unit) December 6: Purchased 52 units @ 5.50 per unit. December 10: Purchased 34 units @ 5.75 per unit. December 13: Sold 128 units a 12 per unit. December 15 Sold 22 units @ 12,50 per unit. December 19 Purchased 123 units @ 4.75 per unit, December 31: Sold 78 units @ 12.25 per unit. Requiredt You have to use "FIFO" methods and calculate the following: Calculate cost of ending inventory on December 314, 2019 ii. Calculate cost of goods sold for the period ending on December 31, 2019 ii. Calculate gross profit for the period ending on December 314,2019, Homework Question no. 2: chance Trading Company reported the following Manaury purchases and sales data for its only product Untethod Jan 1 Beginning inventory 140 38.00 160 Dale Activities Uno Acque Cost 100 515 Jan 10 Joe 20 Purchase 00 unito 55.00 300 10 @ 115 25 Purchase 180 4.50 810 30 380 SI 110 Required: You have to use "F1F0" methods and calculate the following: a) Calculate cost of ending inventory on Jan 31, 2019 b) Calculate cost of goods sold for the period ending on Jan 314, 2019 c) Calculate gross profit for the period ending on Jan 31, 2019