A company's inventory records report the following: August 1 August 5 August 12 Beginning balance Purchase Purchase 22 units @ $12 17 units @ $11 21 units @ $12 On August 15, it sold 44 units. Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale? Multiple Choice $960 O $212 A company has beginning inventory of 13 units at a cost of $27 each on February 1. On February 3, it purchases 37 units at $29 each. 17 units are sold on February 5. Using the FIFO periodic inventory method, what is the cost of the 17 units that are sold? Multiple Choice $496 $459 o $471 ( CA67. On March 31 a company needed to estimate its ending inventory to prepare its first quarter financial statements. The following information is available: Beginning inventory, January 1: $4,800 Net sales: $77,000 Net purchases: $75,000 The company's gross margin ratio is 25%. Using the gross profit method, the estimated ending inventory value would be: Multiple Choice $22,050 $57,750