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Please PLEASE Please explain how you got the answer!!!!!!!!!!! 13) The following information...

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Accounting

Please PLEASE Please explain how you got the answer!!!!!!!!!!!

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13) The following information relates to inventory for a company Date 1 Price Quantity 20 15 2 Beginning Inventory Purchase Sale @ $7/unit March 7 March 11 What is the value of ending inventory if the company uses FIFO? A) $4. B) $76. C) $81. D) $85. 14) The following information relates to inventory for a company Date Quantity Price March 1 March 7 Beginning Inventory Purchase Sale @ $7/unit 3 15 2 March 11 What is the value of Cost of Goods Sold if the company uses LIFO? A) $6. B) $14. C) $85 D) $4

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