An analyst gathered the following information about a company for a fiscal year: Quarter Purchases Cost per Purchase: in Units Unit in Dollars Q1 100 200 Q2 Q3 300 $12.00 $1,200 $14.00 $2,800 $16.00 $4,800 $18.00 $7,200 $16,000 Q4 400 FY total 1,000 Beginning Inventory 200 $10.00 $2,000 The COGS using FIFO periodic is closest to: $14,400 $14,000 O $16,000 An analyst gathered the following information about a company for a fiscal year: Quarter Purchases Cost per Purchases in Units Unit in Dollars 100 Q1 Q2 Q3 200 300 $12.00 $1,200 $14.00 $2,800 $16.00 $4,800 $18.00 $7,200 $16,000 Q4 400 FY total 1,000 Beginning Inventory 200 $10.00 $2,000 The LIFO reserve (perpetual) is closest to: $800 $1,600 $2,000 An analyst gathered the following information about a company for a fiscal year: Quarter Purchases Cost per Purchase: in Units Unit in Dollars Q1 100 200 Q2 Q3 300 $12.00 $1,200 $14.00 $2,800 $16.00 $4,800 $18.00 $7,200 $16,000 Q4 400 FY total 1,000 Beginning Inventory 200 $10.00 $2,000 The COGS under weighted average is closest to: O $15,000 $14,000 $16,000 No answer text provided