please select the correct answer

QUESTION 16 if management's goal is to produce a cost of goods sold that is closest to current market values, which costing method would they use? a UFO by weighted average O FIFO Od Neither RFO nor LIFO would accomplish the goal QUESTION 17 The inventory records for Games Co.reflected the following for the month of May: Beginning inventory on May 1 - 100 units at $4,00 per unit Purchase #1 on May 7 300 units at $4.40 per unit Purchase #2 on May 17 500 units at $4.60 per unit Purchase #3 on May 23 - 100 units at $4.80 per unit Sales for month of May - 900 units at $7.80 per unit Determine the amount of cost of goods sold assuming the LIFO cost flow method. O $3,600 Ob 54,100 O $4,320 Od.52,360