Question 16 1 pts Keck Co. had 300 units of product A on hand at January 1, 2020, costing $20 each. Purchases of product A during January were as follows: Date Units Unit Cost Jan. 10 400 $22 18 500 23 28 200 25 A physical count on January 31, 2020 shows 400 units of product A on hand. The cost of the inventory at January 31, 2020 under the LIFO method is O $9,400. $8,500. $8,200. O $8,900. Question 17 1 pts A perpetual inventory system uses the following for each sale O an inventory account is used. O All of these answer choices are correct. a Cost of Goods Sold account is used. O two entries to record each sale