Please do not give solution in image format thanku Given the following:January 1 inventoryApril 1June 1November 1Cost of ending inventoryNumberpurchased48685863237Costper unit$3678Cost of goods soldTotal$144408406504$1,462a. Calculate the cost of ending inventory using the FIFO (ending inventory shows 69 units).b. Calculate the cost of goods sold using the FIFO (ending inventory shows 69 units).

FIFO is first in first out method of inventory costing, under which inventories which are purchased…

Given the following: January 1 inventory April 1 June 1 November 11 Number purchased: 48 68 Cost of ending inventory 58 63 237 Cost per unit $3 6 7 8 Total 144 408 406 504 $ 1,462 $ a. Calculate the cost of ending inventory using the FIFO (ending inventory shows 69 units). b. Calculate the cost of goods sold using the FIFO (ending inventory shows 69 units). Cost of goods sold