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Rrady Co. uses the periodic inventory system, and the following information about the company's football inventory is available Total Cost Cost per Unit $12.00 $14.00

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Rrady Co. uses the periodic inventory system, and the following information about the company's football inventory is available Total Cost Cost per Unit $12.00 $14.00 S16.40 Date Transaction Units 11 Beginning Inventory 1,000 4,000 5,000 S12,000 $56.000 $82,000 4/22 Purchase 8/25 Purchase 10.000 150,000 During the year, 7.200 footballs were sold at $30 each. Compute the following (PLEASE SHOW YOUR WORK) A. Dollar value of ending inventory using First-in, first-out (FIFO) (2 points) B. Cost of goods sold using Last-in, first-out (LIFO) (2 points)

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