11 Select the correct answer from each drop-down menu. Calculate the unit price of the closing inventory and its total cost The company uses the FIFO method Units Sold Unit Cost ($) Total Cost ($) Date Transactions Jan 09 Beginning Inventory 700 10 5,000 Jan 18 Purchase 500 10.50 5,250 Jan 27 Sale 800 ? Jan 31 Closing 400 ? The unit price of the closing inventory is $ and the total cost is $