MC Qu. 15 Sanfillipo, Inc., had 800 units of inventory... 10 Sanfillipo, Inc., had 800 units of inventory on hand at March 1 of the current year, costing $20 each. Purchases and sales of inventory during the month of March were as follows: 8 01:02:04 Purchases Sales 600 units Date March 8 15 22 27 400 units @ $22 each 400 units @ $24 each 400 units Sanfillipo uses the perpetual inventory system. According to a physical count, 600 units were on hand at the end of March The cost of goods sold for March applying the FIFO method is: Multiple Choice $22,400 $20,400 $20,960 $21,500 Which inventory method typically most closely matches the actual flow of inventory being sold? Multiple Choice O Weighted-average cost. O Average cost. O LIFO FIFO MC Qu. 11 Sanfillipo, Inc., had 800 units of... Sanfillipo, Inc., had 800 units of inventory on hand at March 1 of the current year, costing $20 each. Purchases and sales of inventory during the month of March were as follows: Purchases Sales 600 units Date March 8 15 22 27 400 units @ $22 each 400 units @ $24 each 400 units Sanfillipo uses the periodic inventory system. According to a physical count, 600 units were on hand at the end of March. The cost of inventory at the end of March applying the average cost method is: Multiple Choice $12.000 O $14,000 O $12.900 O $14,400