Please show your work and explain for me so I can understand better please.

2. The following is record of Restaurant 2313's purchases and sales of wines: March 2: Purchased 12 bottles of M&B wine @$12.50 each March 16: Purchased 24 bottles of M&B wine @$13.50 each March 31: Sold 32 bottles during March @$26 each. a. Determine the value of El and CoS for wines in March using: First-in, First-out method (FIFO) b. Last-in, First-out method (LIFO)