During 20X7, Bolts Hardware Company had the following units of a particular model of ceiling fan on hand: Date Units Cost Per Unit Total Cost Beginning Inventory 20 $70 1,400 March 27, 20X7 40 $84 3,360 July 5, 20x7 10 $105 1.050 Total 70 5.810 - -- - Bolts uses the periodic system to track its inventory. At year-end, Bolts had 11 units in inventory. 22. What value will Bolts Hardware Company report for its ending inventory under the First-in, First-out inventory method? a. $1,134 c. $1,155 b. $770 d. $913 23. What amount of Cost of Goods Sold will Bolts Hardware Company report for 20X7 under the First-in, First-out inventory method? a. $4,897 c. $4,655 b. $5,040 d. $4,676 24. What value will Bolts Hardware Company report for its ending inventory under the Last-in, First-out inventory method? a. $1,155 c. $913 b. $770 d. $1,134 25. What amount of Cost of Goods Sold will Bolts Hardware Company report for 20X7 under the Last-in, First-out inventory method? a. $5,040 c. $4,676 b. $4,897 d. $4,655 26. What value will Bolts Hardware Company report for its ending inventory under the weighted average inventory method? a. $770 c. $913 b. $1,155 d. $1,134 27. What amount of Cost of Goods Sold will Bolts Hardware Company report for 20X7 under the weighted average inventory method? $4,897 c. $4,655 b. $5,040 d. $4,676 a