During the year, ABC Inc determined ending inventory and COGS under FIFO cost flow and periodic inventory method. Other information available is as follows: Unit Unit Cost 100 $5 Beginning inventory Purchase, January 12 Purchase, August 25 200 $6 150 $7 Ending inventory What is the value of ending inventory: Select one: a. 1450 b. 1350 c. 1400 d. 2700 During the year, ABC Inc determined ending inventory and COGS under FIFO cost flow and periodic inventory method. Other information available is as follows: Unit Unit Cost $5 Beginning inventory Purchase, January 12 Purchase, August 25 Ending inventory What is th value of COGS: Select one: a. 2750 b. 1350 C. 1450 d. 1400