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11) The periodic inventory records of Hawk Dental Supply indicate the following for the month of April: Apr. 1 Beginning merchandise inventory 15 units @

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11) The periodic inventory records of Hawk Dental Supply indicate the following for the month of April: Apr. 1 Beginning merchandise inventory 15 units @ $32 each 7 Purchase 7 units @ $34 each 18 Purchase 12 units @ $37 each 26 Purchase 10 units @ $40 each As of April 30, Hawk counts 8 units of merchandise inventory on hand. Compute ending merchandise inventory and cost of goods sold, respectfully, for Hawk using the FIFO inventory method. A) $340; $1,352 C) $1,352; $340 E) none of the above B) $320; $1,242 D) $1,242; $320

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