of the four inventory methods-FIFO, LIFO, Average cost and Specific Identification-which method means the last item that is bought is the first item sold? O A FIFO O B. LIFO OC. Average Cost OD. Specific Identification Co. G has the following units of beginning inventory and purchases for the year: beginning inventory 100 units at $30 each, a 2/28 Purchase 200 units at $4 each and a 6/15 purchase of 200 units at $50 each and a 12/15 purchase of 100 units at $70 each. Using the FIFO method, if the ending inventory is 200 unit what is the cost of the ending inventory? O A 14,000 B. 12,000 OC.7,000 D. 6,000 O E. None of the above Co. X has the following beginning inventory purchases and ending inventory: Beginning inventory 300 units at $10 each, Purchase 6/1 300 units at $15 each, Purchase 9/1 300 units @ 20 each, and ending inventory 400 units. How many units did Co. X have available for sale during the year? O A 900 OB. 600 OC.500 OD. 300 O E. None of the above Using the FIFO cost method, if the total cost of the goods available for sale is 25,000 and the cost of the ending inventory is 15,000, how much is the cost of goods sold? O A 25,000 O B.20,000 O C. 15,000 OD. 10,000 O E. None of the above Using the Specific Identification cost method, if the total cost of the goods available for sale is 25,000 and the cost of the ending inventory is 5,000, how much is the cost of goods sold? O A 25,000 O B.20,000 OC. 15,000 OD. 8,000 O E. None of the above