Complete practice problems E5-17 E6-21 and E6-22 in the textbook using the “M5 Practice Problems” Excel template. ACC 250 Module 5 Practice Problems Template E5-17 Student Name: Requirement: Journalize the February transactions for Soul Art Gift Shop. No explanations are required. ACC 250 Module 5 Practice Problems Template E6-21 E6-22 Student Name: Requirement 1: Requirement 1: Compute the cost of ending inventory using FIFO. Compute the cost of goods sold under FIFO. Requirement 2: Requirement 2: Compute the cost of ending inventory using LIFO. Compute the cost of goods sold under LIFO. Requirement 3: Requirement 3: Which inventory method results in a higher cost of ending inventory? Which inventory method results in a higher cost of goods sold?
