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pls help analyze the following questions,,thanks.and write the reason for each answer. Cost of Sales / Ending inventory (6 marks) Sollys Solar Pty Ltd uses
pls help analyze the following questions,,thanks.and write the reason for each answer.
Cost of Sales / Ending inventory (6 marks) Sollys Solar Pty Ltd uses the periodic inventory method and had the following inventory information available for the month ended 31 March 2023: A physical count of inventory on 31 March 2023 revealed that there were 85 units on hand. Required: - Answer the following independent questions. Put your answer into the spaces provided. You do NoT need to show computations to support your answers. Simply submit your final answer for each question into the space provided. Please round your answers to the nearest whole number. A. Calculate the value of the ending irventory on 31 March 2023 assuming that the company uses the FIFO method. B. Calculate the value of the ending inventory on 31 March assuming that the company uses the LIFO method. C. Calculate the value of the cost of sales for the month ended 31 March 2023 assuming that the company uses the L.IFO method. D. Calculate the value of the cost of sales for the month ended 31 March 2023 assuming that the company uses the weighted average method Step by Step Solution
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