Question 3 Nolyel answered Blue Co. sells televisions. Blue's beginning of the year inventory consists of 100 TV's that cost $800 per TV. During the year the following purchases were made: April 8th, 600 TV's for $750 per unit, July 4th, 200 TV's for $700 per unit, October 31st, 500 TV's for $650 per unit, and November 12th, 300 TV'S for $850 per unit. Blue sold 1,500 TV's during the year. Under the FIFO inventory method what was the cost of goods sold for the year? Points out of 2 Flag question Select one: Oa. $1,102,941 Ob $1,095,000 Oc $1,080,000 Od $1,250,000 Quertion 4 Not yet answered Blue Co. sells televisions. Blue beginning of the year inventory consists of 100 TV's that cost $800 per TV. During the year the following purchases were made: April 8th, 600 TV's for $750 per unit, July 4th, 200 TV's for $700 per unit, October 31st, 500 TV's for $650 per unit, and November 12th, 300 TV'S for $850 per unit. Blue sold 1,500 TV's during the year. Assuming Blue sold the TV's for $900 per unit , what is the gross profit if Blue uses the LIFO method for inventory? Points out of 2 Flag question Select one: O a. $260,000 O. $270,000 OC $247,059 O d. $255,000