To more efficiently manage its inwentory, Treynor Corporation maintains its internal inventory records using first$-$in$,$ fist$-$out $($FIFO$)$ under a perpetual inventory system. The following information relates to its meichandise invemory during the year:

Jan. $1$ Inventory on hand$-22,6$ se units; cost $$12,46$ each.

Feb. $12$ Purchased $72,$ eas units for $$12\mathrm{.}78$ each.

Jul, $22$ Purchased $52,$ees units for $$13,09$ each.

sep. $9$ Sold $72,$ nog units for $$20\mathrm{.}23$ ench.

Nov$-17$ Furchased $42,960$ units for $$13\mathrm{.}40$ each.

oec. $31$ Inventory an hand te$,$ ase inits.

Required:

Determine the amount Treynor would calculate internally for ending imventory and cost of goods sold using first in$,$ first$-$out $($FiFO$)$ under a perpetual inventocy system.

Determine the amount Treynor would report externaly for ending inwemory and cost of goods sold using last$-$in$,$ first$-$cut $($LIFO$)$

under a periodic inventory system. $($Assume beginning imentory under UFO was $22,000$ units with a cost of $$11,90).$

Determine the amount Treynor would report for its UFO reserve at the end of the year.

Record the year$-$end adjusting enry for the LIFO reserve, assuming the balance at the beginning of the yom was $$11,000$

Complete this question by entering your answers in the tabs below. places.$)$

$\backslash$table$[[\backslash$table$[[$PerpetusiflFO:$],[$Beg$.$ Invemary$]],$Cost of Goods Amailsble for Sale,Cost of Goods Sold $-$ April $30,$Cost of Cosda Sold$-$Stptembar $9,,$Imeemtary Balance$],[\{$fe$2$a$6$a$0$ac$-0$fd$2-4$a$9$a$-8406-$b$0$d$124977$a$2$c$\}$

$\backslash$table$[[($ t of $)],[($ untita $)]]\}\{22,005\},\backslash$table$[[\backslash$table$[[$Coat per$],[$unit$]]],[$$$12\mathrm{.}40$