ILL UPVOTE 100%!!!!!

Incorrect Question 5 0 / 2.5 pts Robert Langdon Corp. began the fourth quarter with 500 items of inventory that it had previously purchased for $10 each ($5,000 total cost). During the fourth quarter, Langdon purchased an additional 800 items of inventory for $12 each ($9,600 total cost). Later in the fourth quarter, Langdon sold 1,000 items for $20 each, which was the only sale during the quarter. What is Langdon's inventory balance at the end of 2020? Langdon uses the LIFO cost flow assumption. (just enter the number, without any commas or a dollar sign) 11,600 Incorrect Question 6 0/2.5 pts In March 2020, Joe Fox Corp. purchased an item of inventory for $400, which it hoped to sell for $440. By June, consumer demand for this product had waned. That same item could be purchased from Fox's supplier for $330, and Fox is now selling the item for $380. At what amount should Fox report the item in its June 30 balance sheet? Fox uses the FIFO inventory cost flow assumption. (just enter the number, without any commas or a dollar sign) 400