AAA Co. uses a periodic inventory system and has the following information in regard to its inventory: Beginning inventory Purchase on January 25 Purchase on March 15 Purchase on October 2 Goods avallable for sale 350 units 16 450 units 17 350 units 18 550 units 19 $5,600 7650 6,300 10.450 $30,000 There are 750 units in ending inventory. What is the amount of the ending inventory using the FIFO method? O $13,250 O $14.050 O $5.600 O $10.450 Why was the Sarbanes-Oxley Act (SOX) enacted? O To improve the financial reporting and restore investor confidence O The lack of significant corporate frauds during the late 1990s and early 2000s warranted less monitoring tor external stakeholders O To bring GAAP closer to global financial reporting standards O Accounting rules had become so complex that investors could no longer understand them