Assume the following purchases of inventory for ABC Company and use this! information to answer questions through 13: Purchase Purchase Price 53 SS 4 5 S2 13. Assume ABC uses the average cost method of inventory valuation. What unit cost would be used to determine the amount in ending inventory or cost of goods sold? - 8.55 - 4.57 d $25 Assume the following purchases of inventory for ABC Company and use this information to answer questions 11through 13:4 Purchase # 1 Purchase Price $39 $4 $5 $6 $74 11. Assume ABC sells two items and uses the FIFO method of inventory valuation. What amount would appear in ending inventory on the balance sheet?! a. $7 b. $159 c. $18 d. $25 12. Assume ABC sells three items and uses the LIFO method of inventory valuation. What amount would appear for cost of goods sold on the income statement? a. $18 b. $12 c. $15 d. $25 13. Assume ABC uses the average cost method of inventory valuation. What unit cost would be used to determine the amount in ending inventory or cost of goods sold? a. $3 b. $50 c. $7 d$25