M X == Calibri (Body) 11 A A BI UVI a. Av Paste Me LSX B C D E F G BE SURE TO ANSWER ALL REQUIRED QUESTIONS in (a) and (b) BELOW. SHOW ALL COMPUTATIONS AND WORK IN SUPPORT OF YOUR ANSWERS H Turley Inc., uses the LIFO cost-flow assumption to value inventory. Inventory for Turley Inc. Jon January 1, 2019 was 250 units at a LIFO cost of $40 per unit. During the first quarter of 2019, Turley purchased 350 units costing an average of $50 per unit, and sold 400 units at a retail price of $100 per unit Required: a. Assuming Turley Inc, expects to replace the units of beginning inventory sold before the year-end at a per unit cost of $60, what is the amount of cost of goods sold for the quarter ended March 31, 2019? b. Assuming Turley Inc. does not expect to replace the units of beginning inventory sold. what is the amount of cost of goods sold for the quarter ended March 31, 2019