Question 1 Not yet answered Points out of 2 Flag question Blue Co sells televisions. Blue beginning of the year inventory consists of 100 TV's that cost $800 per TV. During the year the following purchases were made: April 8th, 600 TV's for $750 per unit, July 4th, 200 TV's for $700 per unit, October 31st, 500 TV's for $650 per unit, and November 12th, 300 TV's for $850 per unit. Blue sold 1,500 TV's during the year. What is Blue's cost of goods sold for the year under the LIFO inventory method? Select one: O a. $1,102,941 b. $1,095,000 O c. $1,080,000 d. $1,250,000 Question 2 wered Blue Co sells televisions. Blue beginning of the year inventory consists of 100 TV's that cost $800 per TV. During the year the following purchases were made: April 8th, 600 TV's for $750 per unit, July 4th, 200 TV's for $700 per unit, October 31st, 500 TV's for $650 per unit, and November 12th, 300 TV'S for $850 per unit. Blue sold 1,500 TVS during the year. Determine Blues cost of goods sold for the year under the average Cost inventory method rounded to the nearest dollar? Select one: a 51,102.941 b. 51,095,000 51 050 000 a $1470 500