Question 11 (3 points) Listen (3 points) Jane & Company began 2013 with 2,500 units of inventory on hand. The cost of each unit was $7.00. During 2013 an additional 8,500 units were purchased at a single unit cost, and sold 6,000 units. Jane uses a periodic inventory system. Ending Inventory for 2013, applying the average cost method, is $30,500. QUESTIONS: (1). What should be the purchase price per units for merchandise purchased during 2013 (6,000 units) 1). (2). If the company used FIFO, what should have been the cost of ending inventory? 2) (3). If the company used LIFO, what should have been the cost of ending inventory? 3) Blank # 1 A Blank # 2 Blank # 3 Page 11 of 13 Next Page Previous Page MacBook Air