A company has the following products in its ending inventory. Compute lower of cost or market for inventory applied separately to each product Product Product A Product B Product c Quantity 10 15 20 Cost per Unit $ 740 $ 540 $ 690 Market per Unit $ 710 $ 580 $ 715 Multiple Choice $29,300 $29,000 $1970 $30,100 A company's inventory records report the following: Date Activities Units Acquired at Cost Units Sold at Retail August 1 Beginning inventory 15 units @ $30 - $450 August 5 Purchase 10 units @ $31 - $310 August 12 Purchase 20 units $32 - $640 August 15 Sales 30 units sold Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale? Multiple Choice 5320 $250 $480 Salmone Company reported the following purchases and sales of its only product Salmone uses a periodic inventory system. Determine the cost assigned to ending inventory using LIFO. Date Activities Units Acquired at Cost Units sold at Retail May 1 Beginning inventory 156 units e $10 - $1,560 May 5 Purchase 226 units @ $12 = $2,712 May 10 Sales 146 units $20 Purchase 106 units # $13 = $1,378 May 24 Sales 96 units @ $21 May 15 Multiple Choice $2,404 $3,336 O $2640