please answer with explanations

1) Pumba Company reported the following January purchases and sales data for its only product Date Activities Units Acquired at Cost Units sold at Retail Jan 1 Beginning inventory 140 units $6,00 $ 840 Jan 10 Sales 100 units $ 15 Jan. 20 Purchase 60 units @ $5.00 = 300 Jan. 25 Sales 80 units @ $ 15 Jan. 30 Purchase 180 units @ $4.50 Totals 380 units $1,950 180 units 810 The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. Required: a. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification b. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average c. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. d. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. a) Specific identification Cost of Goods Sold Available for sale Ending Inventory Ending Ending Inventory - Cost per Inventory- Units unit Cost COGS Units Unit Cost Units Sold 16.00 Purchase Date Activity Jan 1 Beginning Inowy try 14o 16.00 Jan 20 Purchase 60 5.00 on Purchase 130 4.50 370 Unit Cost 1.00 15.00 14.50 N5.00 14.50 130 b) Weighted Average Goods Purchased Cost of Goods Sold # of Cost per # of units Cost per Units unit Sold unit COGS Inventory Balance Cost per Inventory of units unit Balance 140 Date 100 136.00 600 en lo Jan 20/60 15.00 c) FIFO Goods Purchased Cost of Goods Sold #of Cost per of units Cost per Units unit Sold unit COGS Date Inventory Balance Cost per Inventory #of units unit Balance LIFO Goods Purchased Cost of Goods Sold #of Cost per # of units Cost per Units unit Sold unit COGS Inventory Balance Cost per Inventory unit Balance Date of units 2) Thor Company's ending inventory includes the following items. Product Hammers Axes Ales Suits Units 24 17 38 42 Cost per Unit S 50 78 95 36 Market per Unit S 54 72 91 36 SNOS Compute the lower of cost or market for ending inventory applied separately to each product Per Unit Total Units Cost Market Cost Market LCM Applied to items Inventory Items Hammers Axes Ales Suits Prepare the Journal Entry to record the adjustment entry to the merchandise inventory account. General Journal Credit Debit