Sales during the year were 1,020 units. Beginning inventory was 330 units at a cost of $5 per unit. Purchase 1 was 510 units at $6 per unit. Purchase 2 was 790 units at $7 per unit.

Please fill out the 2 tables below with correct data to calculate cost of goods sold and ending inventory using FIFO and LIFO methods.

Sales during the year were 1,020 units. Beginning inventory was 330 units at a cost of $5 per unit. Purchase 1 was 510 units at $6 per unit. Purchase 2 was 790 units at $7 per unit. Required a. Assume the periodic inventory system is used. Calculate cost of goods sold and ending inventory using FIFO method. (Enter all values as a positive value.) riodic FIFO adic FIFO Cost of Goods Available Cost of Goods Sold Cost per Inventory Balance # of | Cost per | Available for units Cost of Goods | # of units # of units i Cost per Cost of unit Goods Sold in ending ry Ending Inventory unit sold Sale invento Beg. Inventory Purchases Purchase 1 Purchase 2 Total b. Assume the periodic inventory system is used. Calculate cost of goods sold and ending inventory using LIFO method. (Enter all values as a positive value.) Cost of Goods Available for Sale Cost of Goods Sold tory Balance # of units i Cost per # of units Cost per unit Cost of Goods | # of units | Cost per Available for Cost per Cost of Ending unit Inventory sold unit Goods Sold in ending Sale inventory Beg. Inventory Purchases Purchase 1 Purchase 2 Total 0 Sales during the year were 1,020 units. Beginning inventory was 330 units at a cost of $5 per unit. Purchase 1 was 510 units at $6 per unit. Purchase 2 was 790 units at $7 per unit. Required a. Assume the periodic inventory system is used. Calculate cost of goods sold and ending inventory using FIFO method. (Enter all values as a positive value.) riodic FIFO adic FIFO Cost of Goods Available Cost of Goods Sold Cost per Inventory Balance # of | Cost per | Available for units Cost of Goods | # of units # of units i Cost per Cost of unit Goods Sold in ending ry Ending Inventory unit sold Sale invento Beg. Inventory Purchases Purchase 1 Purchase 2 Total b. Assume the periodic inventory system is used. Calculate cost of goods sold and ending inventory using LIFO method. (Enter all values as a positive value.) Cost of Goods Available for Sale Cost of Goods Sold tory Balance # of units i Cost per # of units Cost per unit Cost of Goods | # of units | Cost per Available for Cost per Cost of Ending unit Inventory sold unit Goods Sold in ending Sale inventory Beg. Inventory Purchases Purchase 1 Purchase 2 Total 0