QUESTION 3 A company just starting business had the following transactions in February Purchase February 1 450 units @ 9.50 Sale February 5 300 units @ 15.00 Purchase February 10 400 units @ 960 Purchase February 15 600 units 9.70 Sale February 25 950 units @ 15.00 Purchase February 28 250 units @ 9.90 $4 275 $4,500 $3,840 $5,820 $14,250 52.475 Aphytical count of merchandise inventory on February 28 reveals that there are 450 units on hand. Assume that no returns occurred during the month and no discounts were given Using the periodic inventory method calculato coGS and Ending Inventory for LIFO Erding invertory value of 54.275 and a Cost of Goods Sold Value of 512135 Ending Inventory value of 54,380 and a cost of Goods Sold Value of $12,030 Erding Inventory value of 54.415 and a Cost of Goods Sold Value of $11.995 Ending inventory value of 54,415 and a cost of Goods Sold Value of $16410