On April 15 , Teagues Co. sells inventory for $10,000 cash. The inventory cost Teagues Co. $6,500. Which of the following statements is true about the April 15 transaction? The transaction will increase the asset, inventory This transaction will decrease the asset, cash Total assets will remain unchanged as a result of this transaction This transaction will increase retained earnings Coldman Enterprises uses a periodic inventory system. Its records show the following for the month of March, in which 280 units were sold for a total of $2,800 cash: Coldman uses an average cost inventory costing method to compute cost of goods sold and value ending inventory Question 3 10 pts Compute cost of goods sold under the AVERAGE COST inventory costing method for the month of March for Coldman Enterprises. (If necessary, round your weighted average unit cost to the nearest cent)