Consider a $1,000 deposit earning 7 percent interest per year for 4 years. How much total interest is earned on the original deposit? Select one: O a. $28.00 O b. $30.00 O c. $310.00 d. $280.00 Windows 5:16+ 4 6 8 :1st Question AQ Ltd. Company, had 200 units of inventory on hand at Dec 31, 2020. Purchases of inventory during the year were as follows: Date Explanation Units Unit cost $ Total Cost 1/2/2020 Purchase 250 1000 15/3/2020 Purchase 250 1500 26/5/2020 Purchase 350 7 2450 12/7/2020 Purchase 400 3200 12/9/2020 Purchase 450 11 4950 Total 1700 13100 (Sales during the year around 18000 $ (1500 unit sold :Using periodic inventory system, please compute the following Cost of ending inventory applying the FIFO method -1 Cost of goods sold applying the FIFO method -2 Gross profit applying the FIFO method -3 4- Cost of ending inventory applying the average cost method. 5- Cost of goods sold applying the average cost method