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Please answer each of these questions. Thanks! For the next four questions (questions 21-24), consider the following information: ABC Company reported the following information related

Please answer each of these questions. Thanks!

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For the next four questions (questions 21-24), consider the following information: ABC Company reported the following information related to inventory and sales: Units Unit Cost Beginning inventory 1,000 $20 Purchase No. 1 7.000 22 Purchase No. 2 2,000 23 Sales-6,000 units at $25 per unit. 21. Compute the Ending inventory under the LIFO inventory costing method (using the Periodic inventory system): A. $86,000 B. $88,000 C. $90,000 D. $134,000 E. None of the answers are correct 22. Compute the Cost of Goods Sold (COGS) under the weighted-average inventory costing method:A. $130,000 B. $132,000 C. $134,000 D. $150,000 E. None of the answers are correct 23. Compute the Gross Profit (Dollar Amount & Percent) under the LIFO inventory costing method (using the Periodic inventory system): A. $16,000 and 11.9% B. $20,000 and 15.4% C. $16,000 and 10.7% D. $20,000 and 13.3% E. None of the answers are correct

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