P6.3A parts A, B, C please

P6.3A (LO2) Financial Statement Sekhon Company had a beginning inventory on January 1 of 160 units of Product 4-18-15 at a cost of $20 per unit. During the year, the following purchases were made. Determine cost of goods sold and ending inventory, using FIFO, LIFO, and average-cost with analysis. Mar. 15 July 20 400 units at $23 250 units at $24 Sept. 4 Dec. 2 330 units at $26 100 units at $29 1,000 units were sold. Sekhon Company uses a periodic inventory system. Instructions a. Determine the cost of goods available for sale. b. Determine (1) the ending inventory, and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). Prove the accuracy of the cost of goods sold under the FIFO and LIFO methods. (2) Cost of goods sold: FIFO $23,340 LIFO $24,840 Average $24,097 c. Which cost flow method results in (1) the highest inventory amount for the balance July 250 units at $24 Dec. 2 100 units at $29 20 1,000 units were sold. Sekhon Company uses a periodic inventory system. Instructions a. Determine the cost of goods available for sale. b. Determine (1) the ending inventory, and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). Prove the accuracy of the cost of goods sold under the FIFO and LIFO methods. (2) Cost of goods sold: FIFO $23,340 LIFO $24,840 Average $24,097 c. Which cost flow method results in (1) the highest inventory amount for the balance sheet, and (2) the highest cost of goods sold for the income statement? P6.4A (LO 2) Financial Statement Writing The management of Gresa Inc. is reevaluating the appropriateness of using its present inventory cost flow method, which is average-cost. The company requests your help in determining the results of operations for 2020 if either the FIFO or the LIFO method had been used. For 2020, the accounting records show these data: Compute ending inventorv. prepare income