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 12 of 14 (0 complete) Instructor-created question Data Table Taken from a company's records is the following: (Click the icon to view the information.) Sales in Units Transaction Units Complete the following assuming a perpetual inventory system: Unit Cost $ 3.10 Total Cost $ 105,400 34,000 If the company uses the FIFO inventory costing method, the cost of ending inventory is $ Beginning inventory 1/1 Purchases February 8 March 15 49,000 103,000 63,000 3.70 4.20 181,300 432,600 289,800 4.60 If the company uses the LIFO inventory costing method, cost of goods sold for the year is $ April 10 Subtotal Units Sold - April 22 at $9 249,000 $ 1,009,100 156,000 May 9 86,000 30,000 5.10 5.20 438,600 156,000 June 19 Subtotal 365,000 $ 1,603,700 118,000 Units Sold - August 11 at $13 September 20 October 30 12,000 43,000 5,000 425,000 5.30 5.40 5.60 63,600 232,200 28,000 November 17 $ 1,927,500 Subtotal Units Sold - December 21 at $14 Total available for sale 21,000 425,000 (295,000) Total units sold 130,000 Ending inventory Print Done