10 Given the following October 2017 data for the Paquette Company: d Al Cost $1,500 ut of Beginning Inventory Mark ups At Retail $2,250 $250 $150 $5,000 $6,650 question Mark-up Cancellations Net Sales Net Purchases $4,500 Using the Retail method, the inventory cost estimate at 10/31/17 is: Select one: O a $2,900 O b. $2,667 O c. $3,278 O d. $2,250 O e. $4,000 Clear my choice In periods of rising prices, use of LIFO rather than FIFO inventory method will have what effect on Cost of Goods Sold and Working Capital, respectively? Select one a. Higher, Lower O b. Lower, Lower O c Higher, Higher d. Lower, Higher