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During the year, ABC Inc determined ending inventory and COGS under FIFO cost flow and periodic inventory method. Other information available is as follows: Unit Unit Cost 100 200 Beginning inventory Purchase, January 12 Purchase, August 25 $5 $6 $7 150 Ending inventory 200 r. What is the value of ending inventory: Select one: a. 1400 b. 2700 C. 1350 d. 1450 During the year, ABC Inc determined ending inventory and COGS under FIFO cost flow and periodic inventory method. Other information available is as follows: Unit Unit Cost Beginning inventory 100 Purchase, January 12 200 Purchase, August 25 150 $5 $6 $7 Ending inventory 200 What is the value of COGS: Select one: a. 2750 b. 1400 C. 1350 d. 1450 ABC Co uses perpetual inventory system and Average Cost Method. The company's information for December 2021 is as follows: December 1- Beginning inventory value is $ 800 ir total for 20 units of inventory. December 7- Sold 10 units $50 each. December 12- Purchased 15 units at the cost of $42 each. December 17- Sold 8 units $50 each. December 23-Sold 4 units $50 each. December 27- Purchased 8 units at the cost of $4. each. December 30- Sold 10 units $50 each. What amount should be recorded to COGS for the sale transaction on December 172 Select one: a. 164,80 b. 329,60 OC.630 d. 431,20 ABC Co uses perpetual inventory system and Average Cost Method. The company's information for December 2021 is as follows: December 1- Beginning inventory value is $ 800 i total for 20 units of inventory. December 7- Sold 10 units $50 each. December 12- Purchased 15 units at the cost of $42 each. December 17- Sold 8 units $50 each. December 23-Sold 4 units $50 each. December 27- Purchased 8 units at the cost of $ each. December 30- Sold 10 units $50 each. What is the total value of ending inventory by end of December, 2021? (FYI: round the value to the nearest 10) Select one: a. 465 b. 887 C.700 d. 536 ABC Co. uses net method for discounts of inventory. ABC Co. has the following transactions in May 2021: May 1, Purchased inventory on credit terms 1/10 n,30 for 10000 May 9 Return 50% of inventory purchased on May 1, it was defective. Which one is the correct journal entry for May 9?