please provide compulsory explanation , computation clearly for each parts and steps answer in text form provide well explained and computed answer for all requirements attempt if you can answer all or skip Periodic System-Calculating Ending Inventory and Cost of Sales Using Average Cost, FIFO, and LIFOLeven Company uses a periodic inv Module stem. The following information for the first quarter is available for thecompany's merchandise inventory. A physical inventory taken on March 31 of the current year showed 900 units available.DateBeg. Inventory: Jan. 1Purchases:Units Unit Cost480$9.00Jan. 5.90010.00Jan. 2572010.50Feb. 1636012.00March 2654013.00a. Compute ending inventory and cost of goods sold for the quarter ended March 31 using (1) Average cost method, (2)FIFO method, (3) and the LIFO method.Average Cost FIFOLIFOAnalysis(3) LIFO Method•Note: Do not use negative signs with any of your answers.LIFO Method: Computation of Ending InventoryUnitsCost per UnitTotal CostJan. 10 x$9.00 $0Jan. 50 x$10.00 $0Jan. 250✓$10.50 $0Feb. 16360 x$12.00 $4,3201March 26540 x$13.00 $7,020$11,340LIFOCost of goods available for sale $15,840 xEnding Inventory11,340 xCost of goods sold$0 x

Name: please provide compulsory explanation , computation clearly for each
Uploaded: 2024-03-20T06:32:37.000Z
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Description: please provide compulsory explanation , computation clearly for each parts and steps answer in text form provide well explained and computed answer for all requirements attempt if you can answer all or skip Periodic System-Calculating Ending Invento