Q$1$: The Dayton company sells product $.$ During a move to new location, the inventory record for product were misplaced. The bookkeeper has been able to gather some information from sal records and gives you the data shown below: July sales : $53500$ units at per unit July purchases: On July $31,15000$ units were on hand with total value $92800$ $$.$ Daytons has always used periodic FIFO inventory costing system. Gross profit on sales during July was $205875$ $$.$ Required: $1)$ Calculate the beginning inventory $($quantity and dollar value$)$for the month of July? $2)$ Calculate the beginning inventory Cost under LIFO method