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 Instructor-created question Assume that a company uses a perpetual inventory. Additional information follows: BE: (Click the icon to view the information.) Requirement 1. Assuming FIFO inventory costing, determine the cost of ending inventory: $ Requirement 2. Assuming LIFO inventory costing, determine cost of goods sold for the year: A Data Table - X Transaction Units Unit Cost $ 17.40 16.70 16.90 17.50 Beginning inventory 1/1 Purchases, January 23 Purchases, February 14 Purchases, March 17 Units Sold - April 13 at $22 Purchases, May 5 Purchases, July 4 Units Sold - October 31 at $20 Purchases, November 22 3,500 4,200 1,100 2,800 9,800 5,100 3,300 8,300 15.80 16.20 1,500 15.90 Print Done