Classic Black Fau... Schemmenti Inc. uses a period inventory system. Its records show the following for the month of December Date Number of units Cost per unit Total cost Inventory December 11 60 $54 beginning $3,240) December 16 Purchase 100 $51 $5,100 December 22 Purchase 120 $50 $6,000 Total 280 $14,340 A physical inventory count at the end of December reveals that 50 units remain in ending inventory (Note: in this problem, we are in a period of decreasing prices) Question 6 pts Compute cost of goods sold for the month of December for Schemmenti Inc. assuming the company uses the first-in, first-out (FIFO) inventory costing method 11.840 Question 7 10 pts Compute ending inventory for the month of December for Schemment Inc, asuming the company uses the first-in, first-out (FIFO) Inventory costing method. C MacBook Pro G Search or type URL