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Use the following information to answer the questions which follow.The Mahomes Company has the following inventory and credit purchases during the fiscal year ended December

Use the following information to answer the questions which follow.The Mahomes Company has the following inventory and credit purchases during the fiscal year ended December 31.514 units @ $87/unitBeginningFeb.10260 units @ $84/unitAug.21140 units @ $97/unitMahomes Company has two credit sales during the period. The units have a selling price of $147 per unit.SalesMar. 15340 unitsSept. 10245 unitsMahomes Company uses a perpetual inventory system.1. Calculate the dollar value of cost of goods sold and ending inventory using FIFO and Moving Weighted Average - Input the correct values in the tables below with no decimal places:Table 1: FIFO - perpetual

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