LoLo Pizza has the following account balances: Catering Inventory:KD 10,000; Accounts payable: KD 3,000; Cost of goods sold: KD 125,000; Accouts receivable: KD 2,300. Which account would Lolo Pizza close at the end of the year? Select one: a. Accounts payable b. Accounts receivable c. Cost of goods sold d. Catering Inventory Assume Oakland.net began November with 16 units of inventory that cost a total of KD 256. During the month of November Oakland purchased and sold goods as follows: November 8: Purchase of 48 units @ KD 17 each November 14: Sale of 40 units @ KD 34 each November 22: Purchase of 32 units @ KD 19 each November 27: Sale of 48 units @ $34 each Under the FIFO inventory costing method and the perpetual inventory system, how much is Oakland's cost of goods sold for the sale on November 27? Select one: a. KD 816 b. KD 912 c. KD 864 d. KD 768