A company sells 1,050 units during the first quarter of the year at a selling price of $20 per unit. In addition, the company has a beginning inventory of 600 units that were purchased at $10 per unit, and the following purchases and sales Date Units sold Units purchased Cost per unit Jan 10 300 $11 Jan 25 500 Feb 7 400 $12 Feb 14 250 Mar 5 300 Mar 27 $14 650 What is the company's ending inventory if it uses a periodic Inventory system and the weighted average cost method? O a. $11,124 b. $10,816 O c. $12,010 O d. $11,600 O e $10,708 QUESTION 3 XYZ Company purchased inventory and later wrote it down. However, the inventory's current net realizable value is higher than the value when written down. XYZ Company's inventory balance will most likely be: a higher if it complies with IFRS. b. higher if it complies with U.S. GAAP. the same under U.S. GAAP and IFRS. O d. cannot be determined from the information given