26) Given the following data, calculate the cost of goods sold using the FIFO method (rounded to the nearest dollar). units Cost per unit 10.00 13.00 14.00 Action Date Mar 5 May 30 Jan 1 Beginning inventory 40 20 Purchase Purchase Ending 20 S 20 Dec 31 A) $200. B) $235. C) $280 D) $660. 25) Given the following data, calculate the cost of ending inventory usin the LIFO method (rounded to the nearest dollar; assume sales were mad after the month of May) Date Action units Cost per unit 10.00 an 1 Beginning inventory 40 20 13.00 20 S 20 ar 5 May 30 Dec 31 Purchase Purchase Ending 14.00 A) $200. B) $235 C) $280 D) $660