Anabtawi Company uses the periodic inventory method and had the following inventory information available: ( 8 points) Date Explanation Number of Unit Cost Total Cost Units 100 $4 $400 Beginning inventory January 1 January 20 Purchase 400 $5 $2,000 July 25 Purchase 300 $6 $1,800 October 20 Purchase 200 $7 $1,400 Total 1000 $5,600 A physical count of inventory on December 31 revealed that there were 300 units on hand. Assume that the company uses the LIFO method. The value of the Cost of Goods Sold on December 31 is $ Choose... - Assume that the company uses the Average cost method and the selling price of the unit was $11 what is the Gross profit $ Choose... Assume that the company uses the Average Cost method. The Ending Inventory amount is $ Choose... 2 Assume that the company uses the FIFO method. The ending Inventory amount is $ Choose