v hol (238,223 unread) - tai: * @ Purdue Global - An Ac X ( PG CampusX ( AC114 M5 - Compete X WP NWP Assessment Bui xWP Question 2 of 5 -AC11 XCourse Herox | C. Google Lens| C Chat - Learn with Che x +XC : education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=01353565-e960-4d80-b998-9770ca986057#/question/1AC114 M5 - Competency Assessment: Part 1Question 2 of 5Current Attempt in ProgressThe accounting records of Tamarisk Electronics show the following data.Beginning inventory4,000 units at$5Purchases8,000 units atSales9,500 units at $10(a)Determine cost of goods sold during the period under a periodic inventory system using the FIFO method.FIFOCost of goods sold during the period$e Textbook and MediaSave for LaterAttempts: 0 of 5 usedSubmit Answer(bDetermine cost of goods sold during the period under a periodic inventory system using the LIFO method.LIFOCost of goods sold during the period$SUPPORTeTextbook and MediaO M EDMay 192:20 0 v dol (238,223 unread) - tai: * @ Purdue Global - An Ac X ( PG CampusX ( AC114 M5 - Compete X WP NWP Assessment Bui xWP Question 2 of 5- AC11 XCourse Herox | C. Google Lens| C Chat - Learn with Che x +XC : education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=01353565-e960-4d80-b998-9770ca986057#/question/1AC114 M5 - Competency Assessment: Part 1Question 2 of 5- 11 5(b)Determine cost of goods sold during the period under a periodic inventory system using the LIFO method.LIFOCost of goods sold during the period$e Textbook and MediaSave for LaterAttempts: 0 of 5 usedSubmit Answer(c)Determine cost of goods sold during the period under a periodic inventory system using the average-cost method. (Round average-cost per unit to 3 decimal places, e.g. 12.502 and final answer to O decimal places, e.g. 1,250.)Average-costCost of goods sold during the period$e Textbook and MediaSave for LaterAttempts: 0 of 5 usedSubmit AnswerSUPPORTO U MEDMay 192:20 0 v hol (238,223 unread) - tai: x ( Purdue Global - An Ac X ( PG CampusX ( AC114 M5 - Compete X WP NWP Assessment Bui xWP Question 5 of 5 - AC11 XCourse Herox | C. Google Lensx | C Chat - Learn with Che X1+XC : education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=01353565-e960-4d80-b998-9770ca986057#/question/4AC114 M5 - Competency Assessment: Part 1Question 5 of 5View PoliciesShow Attempt HistoryCurrent Attempt in ProgressLily Co. uses a periodic inventory system. Its records show the following for the month of May, in which 69 units were sold.UnitsUnit CostTotal CostMay 1Inventory32$19215Purchases2724324Purchases10320Totals91$755Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods.FIFOLIFOEnding inventory at May 31$toCost of goods sold$$eTextbook and MediaSave for LaterAttempts: 0 of 5 usedSubmit AnswerSUPPORTMay 192:21 9 0