Answer the following independent questions: (Round answers using overage cost formula to 2 decimal places, eg. 15.25.) sume that the company uses the FIFO cost formula. The cost of goods sold for the Jan. 21 sale was \$ sume that the company uses the average cost formula. The cost of goods sold for the Jan. 21 sale was \$ sume that the company uses the average cost formula. The value of the inventory after the Nov. 15 sale was $ sume that the company uses the FIFO cost formula. The value of the inventory after the Oct. 20 purchase is $