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Jennice Store sells a hand gloves that is popular with tourists. Information relating to Jennice's purchases of hand gloves during September is shown below. During

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Jennice Store sells a hand gloves that is popular with tourists. Information relating to Jennice's purchases of hand gloves during September is shown below. During the same month, 80 hand gloves were sold. Jennice uses a periodic inventory system. Units Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 Explanation Inventory Purchases Purchases Purchases Totals 26 45 20 50 141 Unit Cost $ 97 102 104 105 Total Cost $ 2,522 4,590 2,080 5,250 $14,442 Required: a) Compute the ending inventory at September 30 and cost of goods sold using the LIFO method. b) Suppose Jennice shifted to perpetual inventory system and the 80 hand gloves were sold on September 20th. Compute the ending inventory at September 30 and cost of goods sold using Average Cost Method

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