6:33 Done PSACPA-Accounting-Skills-Asse... Use the following information to answer the next three questions. Beginning inventory 100 units Purchase #1 500-800 Purchase #2 100 unth $12.00-1200 200 units $6.00 Ending inventory is 150 units. 23. What is ending inventory under the average cost method? A $1.300 $2.000 C$300 D $500 24 What cost of goods sold under UFO A $1.100 $1,700 c $1.000 0 53100 25 What cost of goods sold under EEO A $1.500 $1.100 Te $1,700 2100 Use the following information to answer the next three questions. Nicholson purchased a piece of equipment on for $60,000. The equipment has an estimated useful life of eight years or 50,000 units of production and an estimated salvage value of $6,000. 2. The amount of depreciation to be recorded for year 2 using the straight-line method of calculating depreciation, is $15.500 The amount of depreciation to be recorded for year 1 using the double-declining balance method, is LTE