ch of the following er than FIFO? Use the following facts to answer Questions 1 Atlantic Corp. had beginning inventory in Janua of Year 13 of/00 units costing $1 each. On February 10, 11,200 units were purchased costing $3 each. On March 20, 11,800 units were sold. On December 30, 11,600 more units were purchased at $6 each. 103. How much is the cost of goods available for sale on December 31, Year 13, using FIFO, assuming Atlantic Corp. uses a periodic inventory system? inventory with a le value of $16,850, net realizable value hat amount should tory in its balance ct 114,6 104. Under FIFO, what amount should Atlantic Corp. report as cost of goods sold, assuming it uses a peri- odic inventory system? 0o0 C. 15,400 s beginning inven- entory of 4439 n are $20,200 ana are $112,800 and s cost of goods sold 13,400 Hoo 105. Under FIFO, what amount should Atlantic Corp. report as ending inventory, assuming it uses a peri- odic inventory system? 113,200 1, 200 for ending inven- ax purposes, which December 31, Year 13, using LIFO, assuming Atlantic Corp. uses a periodic inventory system? t chh106. How much is cost of goods available for sale on would then statement pur- e LIFO conformity ndards cial 6 report as cost of goods sold, assuming it uses a peri- odic inventory system? 107. Under LIFO, what amount should Atlantic Corp $43,000 B) $70,200 $34,200 D. $79,000