1. The following data are for Upholstery Limited for January 2014:(2) What is the company's estimated cost of goods sold for the month? A) $59,500 B) $25,500 C) $42,000 D) $15,000 2. Given the following data, what is the cost of beginning inventory?(2) 3. A perpetual inventory system offers all the following advantages except (22 ) A) inventory balances are always current B) it enhances internal control C) it is less expensive than a periodic system D) it helps salespeople determine whether there is a sufficient supply of inventory on has customer orders