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please answer asap Q1 (4 Points) Frate Company was formed on January 1, 20x1. The following information is avallable from Frate's inventory records for Product

please answer asap
Q1 (4 Points) Frate Company was formed on January 1, 20x1. The following information is avallable from Frate's inventory records for Product Ply: A physical inventory on December 31,201, shows 1,400 units on hand. Required: Prepare schedules to compute the ending inventory at December 31,201, and cost of goods sold for the year ended December 31,201, under each of the following inventory methods: 1. FIFO 2. LIFO Show supporting computations in good form

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