Baker Fine Foods has beginning inventory for the year of $12,000. During the year, Maker purchases inventory for $150,000 and ends the year with $20,000 of inventory. Baker will report cost of goods sold equal to: A. $150,000 B. $158,000. C. $142,000. D. $170,000. Inventory records (utilizing Periodic Inventory) for Dunbar Incorporated revealed the following: Dunbar sold 700 units of inventory during the month. Merchandise available for sale in dollars is? A. $2, 800 B. $2, 600 C. $2, 400 D. $2, 200 Ending inventory assuming FIFO would be: A. $500. B. $490. C. $480. D. $470. Cost of goods sold assuming FIFO would be: A. $1, 730. B. $1, 720. C. $1, 710. D. $1, 700. Ending inventory assuming average cost would be (round average unit cost to four decimals if necessary) A bit of rounding may be needed to get your final answer: A. $502.02 B. $490.02 C. $488.88 D. $480.88