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In-Class Exercise 4 The Company had the following weekly transactions: Units Cost-per-unit 600 $21 Beginning...

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In-Class Exercise 4 The Company had the following weekly transactions: Units Cost-per-unit 600 $21 Beginning Balance Purchased 200 $21.50 Sold (500) 300 $21.75 Purchased (400) January 1 January 6 January 7 January 13 January 14 January 20 January 21 January 27 January 28 Sold Purchased 200 $22 Sold (150) 500 Purchased $22.25 Sold (50) Determine the amounts that will be reported on the balance sheet and the income statement given the company uses: B. Periodic LIFO (A) Periodic FIFO Income Statement Income Statement Balance Sheet Balance Sheet

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