Sub Alphabet Company, which uses the periodic Inventory method, purchases different letters for resale. Alphabet had no beginning inventory. It purchased Athru G in January at $10.50 per letter. In February, it purchased thru L at $12.50 per letter. It purchased thru R In March at $13.50 per letter it sold A. D, E, H, J and N in October. There were no additional purchases or sales during the remainder of the year If Alphabet Company uses the LIFO method, what is the cost of its ending Inventory? Sparks Furniture Company carries three lines of sofas, Information about the sofa inventory as of the end of its most recent fiscal year follows. If LCM/NRV is applied to each separate product line, what is the amount of the adjustment that must be made to the company's Inventory? Product Line Rustic Mediterranean Contemporary Cost per Unit $ 715 615 965 Market value per Unit $755 635 750 Quantity 220 330 290