HOUSTON ELECTRONICS Astro Condensers Explanation Units Total Cost Date Unit Cost Jan. 1 Apr. 15 Aug. 24 Nov. 27 Beginning inventory Purchase 100 $10 1,000 2,200 3,600 5,200 200 11 Purchase 300 12 Purchase 400 13 $12,000 Total units available for sale 1,000 450 Units in ending inventory 550 Units sold Q14 Determine the ending inventory value and cost of goods sold using FIFO. A. Ending inventory is $5,800, cost of goods sold is S6,200. Ending inventory is $8,200, cost of goods sold is $3,800. B. C. Ending inventory is $6,200, cost of goods sold is $5,800. D. None of the above answers are correct. Q15 Determine the ending inventory value and cost of goods sold using LIFO. A. Ending inventory is $7,000, cost of goods sold is $5,000 B. Ending inventory is $5,000, cost of goods sold is $7,000. C.Ending inventory is $5,800, cost of goods sold is $6,200 D.None of the above answers are correct. Q16 Determine the ending inventory value and cost of goods sold using Average cost method. A. Ending inventory is $5,800, cost of goods sold is S6,200. B. Ending inventory is $5,000, cost of goods sold is $7,000. C.Ending inventory is $5,400, cost of goods sold is $6,600. D. None of the above answers are correct