The Downtown Appliance Center, Inc. is a retailer of consumer appliances. One of its products is the Auto-Off Iron which had the following beginning inventory, purchase, and sales history during the current year: # of Irons Cost per Iron Total Cost January 1 inventory $161 May 6 purchases ................. 14 $364 November 10 purchases $270 Available for sale .......... $796 July 14 sales ..... December 31 inventory The selling price of each Auto-Off Iron all year was $40. E4.19 Based on the information provided and assuming The Downtown Appliance Center, Inc. uses a periodic inventory system and the last-in, first-out (LIFO) inventory method, determine cost goods sold and ending inventory balance E4.20 Based on the information provided and assuming The Downtown Appliance Center, Inc. uses a periodic inventory system and the first-in, first-out (FIFO) inventory method, determine cost of goods sold and ending inventory balance E4.21 Based on the information provided and assuming The Downtown Appliance Center, Inc. uses a periodic inventory system and the weighted average inventory method, determine cost of goods sold and ending inventory balance. E4.22 Based on the information provided and assuming The Downtown Appliance Center, Inc, uses a perpetual inventory system and the last-in, first-out (LIFO) inventory method, determine cost of goods sold and ending inventory balance. E4.23 Based on the information provided and assuming The Downtown Appliance Center, Inc. perpetual inventory system and the first-in, first-out (FIFO) inventory method, determine of goods sold and ending inventory balance E4.24 Based on the information provided and assuming The Downtown Appliance Center, Inc. uses perpetual inventory system and the weighted (moving) average inventory method, determine cost of goods sold and ending inventory balance. E4.25 a) Prepare a comparative summary of your answers to exercises 4.19 through 4.24 using an exhibit similar to exhibit 4.5 in the text, showing the impact of each of the approaches to inventory accounting on the income statement and the statement of financial position. b) Describe the differences in the various methods of accounting for inventory in periods of rising and falling prices. ELIBO surselona.com and federal remove does this inactiverendinander