Please Provide an explanation as well. Any help is greatly appreciated!

ACC 201, Sec 001, Spring 2020, Miller (1) Homework: Graded MAL HW #6 [Ch 6] Spr 2020 Score: 0 of 10 pts 7 of 14 (0 complete) Instructor-created question A company has the following information: (Click the icon to view the information.) The company uses a perpetual inventory system. (a) Assume the FIFO inventory costing method: cost of goods sold for the year is $ Data Table (b) Assume the LIFO inventory costing method: cost of ending inventory is $0 Sales in Units Transaction Units 34.000 Unit Cost $ 3.60 Total Cost $ 122,400 Beginning inventory 1/1 Purchases February 8 March 15 4.10 49,000 96,000 66,000 200,900 432,000 303,600 245,000 $ 1,058,900 April 10 Subtotal Units Sold - April 22 at $8 May 9 153,000 79,000 32,000 4.80 5.10 379,200 163,200 June 19 356,000 $ 1,601,300 Subtotal Units Sold - August 11 at $9 116,000 September 20 October 30 November 17 5.30 5.40 13,000 42,000 11,000 422,000 68,900 226,800 61,600 $ 1,958,600 Subtotal Units Sold - December 21 at $10 Total available for sale 23,000 422,000 (292,000) Total units sold 130,000 Ending inventory Print Done ACC 201, Sec 001, Spring 2020, Miller (1) Homework: Graded MAL HW #6 [Ch 6] Spr 2020 Score: 0 of 10 pts 7 of 14 (0 complete) Instructor-created question A company has the following information: (Click the icon to view the information.) The company uses a perpetual inventory system. (a) Assume the FIFO inventory costing method: cost of goods sold for the year is $ Data Table (b) Assume the LIFO inventory costing method: cost of ending inventory is $0 Sales in Units Transaction Units 34.000 Unit Cost $ 3.60 Total Cost $ 122,400 Beginning inventory 1/1 Purchases February 8 March 15 4.10 49,000 96,000 66,000 200,900 432,000 303,600 245,000 $ 1,058,900 April 10 Subtotal Units Sold - April 22 at $8 May 9 153,000 79,000 32,000 4.80 5.10 379,200 163,200 June 19 356,000 $ 1,601,300 Subtotal Units Sold - August 11 at $9 116,000 September 20 October 30 November 17 5.30 5.40 13,000 42,000 11,000 422,000 68,900 226,800 61,600 $ 1,958,600 Subtotal Units Sold - December 21 at $10 Total available for sale 23,000 422,000 (292,000) Total units sold 130,000 Ending inventory Print Done