Please help. I am confused. Thank you in advanced.

Alta Ski Company's inventory records contained the following information regarding its latest ski model. The company uses a periodic Inventory system 1,300 units @ $95 each 2,700 units @ $110 each 2,500 units $115 each Beginning inventory, January 1, 2021 Purchases: January 15 January 21 Sales: January 5 January 22 January 29 Ending Inventory, January 31, 2021 1,250 units $135 each 1,650 units @ $145 each 1,100 units $150 each 2,500 units Required: 10. Which method, FIFO or LIFO, will result in the highest cost of goods sold figure for January 2021? 16. Which method will result in the highest ending inventory balance? 2. Compute cost of goods sold for January and the ending inventory using both the FIFO and LIFO methods 30. Assume that inventory costs were declining during January. The inventory purchased on January 15 had a unit cost of $85, and the Inventory purchased on January 21 had a unit cost of $80. All other information is the same. Which method, FIFO or LIFO, will result in the highest cost of goods sold figure for January 2021? 36. Which method will result in the highest ending inventory balance? 3c. Compute cost of goods sold for January and the ending inventory using both the FIFO and LIFO methods. Compute cost of goods sold for January and the ending inventory using both the FIFO and LIFO methods Reg 1A and 1B Reg 2 Reg 3A and 38 Reg 30 Which method, FIFO or UFO, will result in the highest cost of goods sold figure for January 2021 and highest ending inventory balance? January 22 January 29 Ending inventory, January 31, 2021 1,100 units @ $150 each 2,500 units Required: 1a. Which method, FIFO or LIFO, will result in the highest cost of goods sold figure for January 2021? 15. Which method will result in the highest ending inventory balance? 2. Compute cost of goods sold for January and the ending inventory using both the FIFO and LIFO methods. 3a. Assume that inventory costs were declining during January. The inventory purchased on January 15 had a unit cost of $8 Inventory purchased on January 21 had a unit cost of $80. All other information is the same. Which method, FIFO or LIFO result in the highest cost of goods sold figure for January 2021? 3b. Which method will result in the highest ending inventory balance? 3c. Compute cost of goods sold for January and the ending inventory using both the FIFO and LIFO methods. Compute cost of goods sold for January and the ending inventory using both the FIFO and LIFO methods. 5 Req 1A and 18 Reg 2 Req 3A and 38 Reg 30 Which method, FIFO or LIFO, will result in the highest cost of goods sold figure for January 2021 and highest ending inventory balance? 10. Highest cost of goods sold figure 16. Highest ending inventory balance Compute cost of goods sold for January and the ending inventory using both the FIFO and LIFO methods. Reg 1A and 1B Reg 2 Req 3A and 38 Reg 3C sold Compute cost of goods sold for January and the ending inventory using both the FIFO and LIFO methods. Cost of Goods Available for Sale Cost of Goods Sold - Periodic FIFO Ending Inventory - Periodic FIFO FIFO Cost of Goods Cost per # of units Available for Cost per # of units # of units Cost of Cost per unit Ending unit in ending Sale Goods Sold unit inventory Inventory Beginning Inventory 1.3005 95 $ 123,500 $ 95 $ 95 Purchases January 15 2.700 $ 110 297.000 $ $ 110 January 21 2,500 $ 115 287,500 $ 115 $ 115 Total 6.500 $ 708,000 110 LIFO Cost per Cost of Goods Available for Sale Cost of Goods Sold - Periodic LIFO Cost of Goods # of units # of units Available for Cost per Cost of unit Sale sold unit Goods Sold 1,300 $ 95 $ 123.500 $ 95 Ending Inventory - Periodic LiFO # of units Cost per Ending in ending unit Inventory inventory $ 95 Beginning Inventory Purchases January 15 January 21 Total $ 110 $ 110 2,700 $ 110 2.500 $ 115 6,500 297,000 287,500 708,000 $ 115 $ 115 $ January 22 January 29 Ending inventory, January 31, 2021 1,658 units @ $145 each 1,100 units @ $150 each 2,580 units Required: 1a. Which method, FIFO or LIFO, will result in the highest cost of goods sold figure for January 2021? 1b. Which method will result in the highest ending inventory balance? 2. Compute cost of goods sold for January and the ending inventory using both the FIFO and LIFO methods. 3a. Assume that inventory costs were declining during January. The inventory purchased on January 15 had a unit cost of $85, an inventory purchased on January 21 had a unit cost of $80. All other information is the same. Which method, FIFO or LIFO, will result in the highest cost of goods sold figure for January 2021? 3b. Which method will result in the highest ending inventory balance? 36. Compute cost of goods sold for January and the ending inventory using both the FIFO and LIFO methods. 1 Compute cost of goods sold for January and the ending inventory using both the FIFO and LIFO methods. nces Reg 1A and 1B Req 2 Req 3A and 3B Reg 30 Assume that inventory costs were declining during January. Which method, FIFO or LIFO, will result in the highest cost of goods sold figure for January 2021 and highest ending inventory balance? Highest cost of goods sold figure Highest ending inventory balance 3b Compute cost of goods sold for January and the ending inventory using both the FIFO and LIFO methods. Reg 1A and 18 Req 2 Reg 3A and 38 Reg 30 Compute cost of goods sold for January and the ending inventory using both the FIFO and LIFO methods. Cost of Goods Available for Sale Cost of Goods Sold - Periodic - FIFO FIFO Inventory Balance - Periodic FIFO EIFO Cost of tof # of units Cost per Goods units Cost per Cost of Cost per Ending in ending unit Available for unit Goods Sold unit inventory Inventory #of units Sale sold 1,300 $ 95,00 $ 123,500 $ 95.00 95.00 Beg Inventory Purchases: January 15 January 21 Total 2.700 2.500 6,500 85.00 80.00 229,500 200,000 $ 553,000 85.00 80,00 85.00 80.00 Cost of Goods Sold - Periodic LIFO Inventory Balance - Periodic LIFO LIFO Cost of Goods Available for Sale -LIFO Cost of #of Cost per Goods units unit Available for Sale 1,300 $ 95,00 $ 123,500 # of units sold Cost per unit Cost of Goods Sold #of units in ending inventory Cost per unit Ending Inventory $ 95.00 $ 95.00 Beg. Inventory Purchases January 15 January 21 Total 85.00 2.700 2,500 6,500 85.00 80.00 229,500 200.000 $ 553,000 85.00 80.00 80.00