Part II. (15 points) Multiple Choice. - Circle the best answer for each of the following multiple-choice questions Show all related supporting calculations to receive partial credit. Use the information below to answer questions 1-3: Patel had a lune beginning balance of 400 units with a unit cost of $3.30. Transactions for the month of June for Patel were: Sales June 17 June 9 June 17 Purchases 1.100 600 $3.10 53 40 m June 14 June 26 500 1. Assuming a perpetual inventory method, the ending inventory on a LIFO basis is A B. C. D. $2,600 $2,500 $2.560 $2,540 2. Assuming a perpetual inventory method, the ending inventory on a FIFO basis is B. C. D. $2,660 $2,500 $2,560 $2,540 3. Assuming a perpetual inventory method, the ending inventory on a weighted average basis is: A. B. C. D. $2,600 $2,595 $2,520 $4,186 Use the information below to answer questions 4-6: On October 1, 2019, American Pawn sold a diamond ring, receiving a $25,000, 9 month, 10% note. Round to nearest dollar if needed. 4. What amount of interest revenue should American Pawn record as of 12/31/19? A B. C. D. $625 $750 $2,500 $3,000