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please do all parts The Rock Shop shows the following data related to an item of inventory: Inventory, January 1 200 units @ $5.00 Purchase,

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The Rock Shop shows the following data related to an item of inventory: Inventory, January 1 200 units @ $5.00 Purchase, January 9 600 units @ $5.40 Purchase, January 19 140 units @ $6.00 Inventory, January 31 200 units Instructions (a) What value should be assigned to the ending inventory using FIFO if the Company uses a periodic inventory system? (b) What value should be assigned to cost of goods sold using LIFO if the Company uses a periodic inventory system

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