Question 17) A company just starting in business purchased three merchandise inventory items at the following prices. March 2, $150; March 7. $160; and March 15, $180. If the company sold two units for $250 each on March 10 and March 20. and used the FIFO cost formula in a perpetual inventory system, the cost of goods sold for March would be O c. $340. d. $330. Oe. $310. Ob. $300 a. $320. Question 19) A company Just starting a business purchased three inventory items at the following prices: March 2, $150; March 7. $160; and March 15, $180. If the company sold one unit for $230 on March 10 and one unit for $250 on March 20 and uses the average cost formula in a perpetual inventory system, what is the cost of ending inventory for March? 5 G a. $163.34 d. $250.00 O c. $180.00 Oe. $160.00 Ob. $167.50 Question 20) A company just starting a business purchased three inventory items at the following prices: March 2, $150; March 7. $160; and March 15, $180. If the company sold one unit for $230 on March 10 and one unit for $250 on March 20 and uses the average cost formula in a perpetual inventory system, what is the cost of goods sold for March? . O a $300.00 b. $335.00 O c. $322.50 O d. $480.00 Oe. $312.50