A. If the company adopted FIFO for their inventory costing system, the

A. If the company adopted FIFO for their inventory costing system, the cost of goods sold for fiscal 2016 is:B. If the company adopted LIFO for their inventory costing system, the ending inventory for fiscal 2016 is:Aiello, Inc. had the following inventory in fiscal 2016.Beginning Inventory, January 1, 2016: 130 units @ $15.00Purchase 200 units @ $18.00Purchase 50 units @ $13.50Purchase 110 units @ $15.75Ending Inventory, December 31, 2016: 120 units