1 What 10. , Inc has a beginning inventory of S 12,000. During the year they purchase sis. more inventory. At the end of the year, they take a physical inventory and determine S20,000 is still there (ending inventory). What is ABC, ine's cost of goods sold (CG the year? A. $130,000. B. S138,000. C. $142,000. D. $182,000. Use the following information for Questions 11-13. ABC Company, in its first month of operations made the following inventory purchases: 6/1 150 units x 5.20 $780 6/10 200 units x 5.85 1,170 6/15 200 units x 6.30 1,260 628 150 units x 6.60 =-900 4,200 A physical count of inventory on 6/30 revealed that there are 250 units on hand. 11. Using the LIFO inventory method, the value of the ending inventory on 6/30 A. $1,365 B. $1,500. C. $1,620. D. $1,650. 12. Using the FIFO inventory method, the value of the ending inventory on 6 A. $1,365. B. S1,500. C. $1,620 D. $1,650. 13. Using the average cost method, the value of the ending inventory on 6/ A. S1,365. B. $1,500. C. $1,620. D. $1,650. Extra credit: (2 points the first mon