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Sony reported the followng current - year purchases and sales data for its only product. table [ [ table [ [ Date ]

Sony reported the followng current-year purchases and sales data for its only product.
\table[[\table[[Date],[Jan-01]],Activities,,Uniits Sold at Retail],[,],[Beginnng Inventory,$1,000,,],[Jan-10,Sales,,90 units @$40],[Mar-14,Purchase,$3,750,,],[Mar-15,Sales,,140 units @ $40],[Jul-30,Purchase,$8,000,,],[Oct-05,Sales,,300 units @ $40],[Oct-26,Purchase,$15,000,,],[Totals,$27,750,530 units,],[,,,,],[TASK],[1. Determine the costs assigned to ending inventory and to cost of goods sold using;],[a) FIFO],[b) LIFO,,,,]]
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