just need 3c asap ill rate the answer
Alta Ski Company's inventory records contained the following information regarding its latest ski model. The company uses a periodic inventory system Beginning inventory, January 1, 2021 Purchases: January 15 January 21 Sales: January 5 January 22 January 29 Ending inventory, January 31, 2021 1,250 units @ $90 each 2,660 vanite $105 each 2,400 units 5110 each 1,200 units $130 each 1,600 units @ $140 each 1,ese units $145 each 2,480 units Required: 10. Which method, FIFO or LIFO 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 declining during January. The inventory purchased on January 15 had a unit cost of $80, and the inventory purchased on January 21 had a unit cost of $75. All other information is the same. Which method, FIFO or 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. 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. Cost of Goods Sold Periodic FIFO Inventory Balance - Periodic FIFO FIFO: Cost of Goods Available for Sale FIFO Cost of # of Goods units unit Available for Sale 1,250 $90.00 $ 112,500 Cost per # of units Cost per Cost of Goods Sold Cost per unit # of units in ending inventory sold unit Ending Inventory $ 90.00 $ 90.00 $ 0 Beg. Inventory Purchases January 15 January 21 Total 2,600 2.400 6,250 80.00 75.00 0 208,000 180,000 $ 500,500 80.00 75.00 80.00 75.00 ces 0 0 $ 0 0 $ 0 Cost of Goods Sold - Periodic LIFO Inventory Balance - Periodic LIFO LIFO Cost of Goods Available for Sale LIFO Cost of # of Goods units unit Available for Sale 1.250 S 90.00 $ 112,500 Cost per # of units sold Cost per Cost of Goods Sold unit # of units in ending inventory Cost per unit Ending Inventory $ 90.00 $ 90.00 $ 0 Beg. Inventory Purchases January 15 January 21 Total 80.00 2,600 2.400 6.250 0 75.00 208,000 180.000 $ 500,500 80.00 75.00 80.00 75.00 0 0 S 0 0 $ 0