find fifo too!

Questions 8-13 have the same information: Cyclone Co. uses the periodic inventory system and sells Mountain Bicycles. They had 50 bicycles in the beginning inventory on January 1 which cost them $800 per bike. They purchased 80 more bicycles on April 12 at a cost of 20 per bike. They purchased another 75 bikes on July 8 at a cost of $840 per bike. On September 22 they purchased another 90 bicycles at a unit cost of $850. During the year, 235 bicycles were sold at a price of $1,500 each. Other operating costs equaled $80,000 and their tax rate is 30%. Round final answers to the nearest dollar. What was ending inventory and cost of goods sold on 12/31 under the LIFO cost flow assumption? O $51,000 and $194,100 O $48,200 and $196,900 O $49,851 and $195,249 O None of the above