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1-4) A company had the following purchases and sales during itsfirst year of operations: Purchases Sales January: 10 units at $120 6 units February: 20

1-4) A company had the following purchases and sales during itsfirst year of operations:

PurchasesSales
January:10 units at $1206 units
February:20 units at $1255 units
May:15 units at $1309 units
September:12 units at $1358 units
November10 units at $14013 units

On December 31, there were 26 units remaining in endinginventory. Using the PERPETUAL LIFO inventoryvaluation method, what is the cost of the ending inventory? (Assumeall sales were made on the last day of the month.)

A) $3,405

B)$3,270

C)$3,364

D)$5,400

On December 31, there were 26 units remaining in endinginventory. Using the PERIODIC LIFO inventoryvaluation method, what is the cost of the ending inventory? (Assumeall sales were made on the last day of the month.)

A)$3,405

B)$3,270

C)$3,200

D)$3,364

E)$5,400

On December 31, there were 26 units remaining in endinginventory. Using the PERPETUAL FIFO inventoryvaluation method, what is the value of cost of goods sold? (Assumeall sales were made on the last day of the month.)

A)$8,670

B)$3,540

C)$5,400

D)$5,130

E)$3,270

On December 31, there were 26 units remaining in endinginventory. Using the PERPETUAL LIFO inventoryvaluation method, what is the value of cost of goods sold? (Assumeall sales were made on the last day of the month.)

A)$8,670

B)$5,400

C)$5,470

D)$5,130

E)$5,305

On December 31, there were 26 units remaining in endinginventory. Using the PERIODIC LIFO inventoryvaluation method, what is the value of cost of goods sold? (Assumeall sales were made on the last day of the month.)

A)$8,670

B)$5,400

C)$5,470

D)$3,200

E)$5,130

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