Question 11 0.5 pts Lime company purchased 100 units for $20 each on January 31. It purchased 400 units for $40 each on February 28. It sold a total of 450 units for $90 each from March 1 through December 31. If the company uses the last-in, first-out inventory costing method, calculate the cost of ending inventory on December 31. (Assume that the company uses a perpetual inventory system.) O $2000 O $1000 $50 $3500 Question 12 0.5 pts Lime company purchased 100 units for $40 each on January 31. It purchased 115 units for $50 each on February 28. It sold 175 units for $65 each from March 1 through December 31. If the company uses the last-in, first-out inventory costing method, what is the amount of Cost of Goods Sold on the income statement for the year ending December 31? (Assume that the company uses a perpetual inventory system.) $5750 O $8150 $9750 $4000