Use the information below to answer the following questions . The Beamer Company sells bedrolls for \$60 cacl The following was taken from the inventory records during May . The company had no beginning inventory on May 1 . Date Bedrolls Units Cost \$20 May 3 10 10 Purchase SalePurchase Sale Sale $ 24 17 20 23 30 Purchase $ 30 15 Assuming that the company uses the perpetual inventory system determine the May 31 inventory balance using the FIFO inventory cost method . a.\$464 b . 474420 d . 424

part a and part b please

Use the information below to answer the following questions. The Beamer Company sells bedrolls for $60 cach. The following was taken from the inventory records during May. The company had no beginning inventory on May 1 Date Bedrolls Units Purchase May 3 10 Sale 17 Purchase Sale 20 Sale 30 Purchase Assuming that the company uses the perpetual inventory system, determine the May 31 inventory balance using the FIFO inventory cost method a $464 b. 5474 c. $420 d. $424 Assuming that the company uses the perpetual inventory system, determine the cost of goods sold for all sales for the month of May using the LIFO inventory cost method a $300 b. $280 $315 d. $290