Question 3 2 Points The following information was available from the inventory records of Queen Company for July 1.png Date Units Unit cost July 1 Beg. Inventory 30,000 2.25 July 6 Purchases 20,000 2.55 July 26 Purchases 27,000 2.60 A physical count of merchandise inventory on July 31 reveals that there are 12,000 units on hand. Assume a periodic inventory system is used. What is Queen's cost of goods available for sale? A 19,250 B 71,200 188,700 D 77,000 2 Points Question 4 The following information was available from the inventory records of Queen Company for July 6.png Date Units Unit cost Total cost July 1 Beg. Inventory 30,000 2.30 69,000 July 6 Purchases 20,000 2.50 50,000 July 26 Purchases 27,000 2.60 70,200 Total 77,000 units 189,200 A physical count of merchandise inventory on July 31 reveals that there are 12,000 units on hand. Assume average cost per unit is 2.46. What is the cost of goods sold using average cost method? A 159,900 B 29,520 189,200 D 77,000