10.Use the following information to calculate the cost of goods sold, inventory for each question: April 1 - beginning inventory, $1,000 purchased at $8 each April 10 - Purchase #1: 400 units @ $8.75 each April 12 - Purchase #2: 800 units @ $9 each April 18 - Purchase #3: 400 units @ $9.5 each April 20 - Purchase #4: 800 units @ $10.75 each 2500 units were sold. Using FIFO, what is the Cost of goods sold? (1 Point) 11.Use the following information to calculate the cost of goods sold, inventory for each question: April 1 - beginning inventory, $1,000 purchased at $8 each April 10 - Purchase #1: 400 units @ $8.75 each April 12 - Purchase #2: 800 units @ $9 each April 18 - Purchase #3: 400 units @ $9.5 each April 20 - Purchase #4: 800 units @ $10.75 each 2500 units were sold. What is the COGS using WAC? When calculating, do not round your calculations until the end. Enter your answer with two cents. (1 Point)