i need anawer for 6.7 exercise

Exercise 6-5 Alternative cost flow assumptions-perpetual inventory system L2 Xeel CHECK FIGURES: 3 COGS a 55.527 55.476 Car Armour sells car wash cleaner. Car Armour uses a perpetual inventory system and made purchases and sales of a particular product in 2020 as follows Jen Beginning inventory Jan 10 Sold - - $70 1.240 110 rit 80 is 300 urt 130 units 550 500 670 units 7.00 $15.50 16.30 51550 10 16.00 $1560 Mar 15 Sold July 20 Purchased Out Purchased Oct 5 Sot 2015 - - - - 1000 10 442 Reader Contents Notebook Bookmarks Flashcards 1. Calculate the total goods available for sale (in units and cost), 2. Calculate the number of units sold and units remaining in ending inventory 3. Determine the share of the cost of goods available for sale calculated in Part 1 that should be assigned to ending inventory and to poods sold under a. FIFO b. Moving weighted average Exercise 6-6 Specific identification cost flow assumption LO2 Xcel CHECK FIGURE: COGS - $4,52950 Use the information in Exercise 6-5. Assume that Car Armour specifically sold the following units 100 M 1510 120 Od 200 470 om begin mbegungor and tone che strom the 20 ans rom the October purchase Calculate cost to be assigned to ending inventory and cost of goods sold Exercise 6-7 Income statement effects of alternative cost flow assumptions LO3 Use the data in Exercises 6-5 and 66 to construct comparative income statements for Car Armour (rear end De cember 31, 2020). similar to those shown in Ethibit 6.8 in the chapter. Assume that operating expenses are $1.250. 1. Which method results in the highest profit? 2. Il costs were rising instead of falling, which method would result in the highest proli? Exercise 6-7 Income statement effects of alternative cost flow assumptions LOJ Use the data in Exercises 6-5 and 66 to construct comparative Income statements for Car Armour (year end De cember 31, 2020). similar to those shown in Exhibit in the chapter. Asume that operating expenses are $1.290. 1. Which method results in the highest profit? 2. If costs were rising instead of falling, which method would result in the highest profit