23. JB Adams Inc. had the following purchase transactions in May

Date of Purchase	Number of Units	Cost per Unit	Total Cost
May 5	500	$4	$2,000
May 10	700	$6	$4,200
May 15	400	$4.50	1,800

Adams sells 1,200 units on May 20 and uses the FIFO method of inventory costing. What is Adams' Cost of Goods Sold?

Group of answer choices

a. 6,000

b. 4,800

c. 7,200

d. 6,200

24. JB Adams Inc. had the following purchase transactions in May

Date of Purchase	Number of Units	Cost per Unit	Total Cost
May 5	500	$4	$2,000
May 10	700	$6	$4,200
May 15	400	$4.50	1,800

Adams sells 500 units on May 20 and uses the Weighted Average method of inventory costing. What is Adams' Cost of Ending Inventory?

Group of answer choices

a. 6,000

b. 5,600

c. 2,500

d. 5,500