Day 60 Alpha First Company just began business and made the following four inventory purchases during Year 1: Day 1 150 units $1,040 200 units $1,560 Day 150 200 units $1,680 Day 320 150 units $1,320 $5,600 A physical count of merchandise inventory on December 31 reveals that there are 210 units on hand. Using the LIFO periodic inventory method, the amount allocated to cost of goods sold (GOGS) on December 31, Year 1 is: a. b. $3920. $1508. $4092. $3776. C. d. Using the same facts as in Question #1, except that Alpha First Company uses the average cost periodic inventory method, the amount allocated to COGS on December 31, Year 1 is: a. b. $3920. $1680. $4092. $3776. C. d