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Please complete B8.05 using periodic accounting policy, LIFO and FIFO. I want to see: 1. Account analysis for Inventory, (units, $ per unit and total

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Please complete B8.05 using periodic accounting policy, LIFO and FIFO. I want to see: 1. Account analysis for Inventory, (units, $ per unit and total cost) 2. Analysis of ending Inventory and Cost of goods sold 3. Journal entries for purchases and sales (the periodic adjustment) 4. General ledger account for inventory Basic "perpetual" calculations for inventory, FIFO, LIFO, average cost B-08.05 Tom Pryor is conducting an audit of the computerized inventory system used by Zix Corporation. Tom has inserted hypothetical data into the computer program that tracks inventory on a perpetual basis. Below are the hypotheical data inserted by Tom: Units 10 Cost per unit $10 5 $11 Transaction Beginning inventory Purchase, day 1 Sale, day 2 Purchase, day 3 Sale, day 4 6 8 $12 9 The computer program returned the following ending inventory values: FIFO Perpetual, $96 LIFO Perpetual, $80 Moving average, $88 Which of the three values appears to be incorrect, and what "error" might be causing this condition

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