15. The following represents the inventory of Sunrise Company for the month of January: Jan. 1 On hand, 10 units at 580 each Purchases Sales Jan 8 25 units at $92 each Jan. 4 8 units @ $300 each 22 50 units at $104 each 15 20 units @ $300 each 24 15 units at $116 each 26 52 units @ $300 each Calculate Sunrise Company's Ending Inventory on January 31 using Periodic LIFO. A) $1,720 B) $1,816 C) $2,176 D) $2,260 16. The following represents the inventory of Rajan Company for the month of April: April 1 April 2 April 3 April 10 April 21 April 28 Beginning Inventory Sales Purchases Sales Purchases Sales 100 units @ $8 50 units 300 units @ $12 250 units 400 units @ $16 200 units Assuming a periodic inventory system is used by Rajan Company, what is cost of goods sold under FIFO? A) $4,200 B) $4,800 C) $6,600 D) $6,000 YOU HAVE THE PATIENCE, THE STRENGTH AND THE PASSION TO ACHIEVE YOUR AMBITIONS, YOUR GOALS AND YOUR DREAMS. ALL YOU NEED TO DO NOW, IS TRY