Question 3 of 4 < > 1.48/7 Marigold Inc. is trying to determine whether to use the FIFO or average cost formula. The accounting records show the following selected inventory information: Purchases Cost of Goods Sold Ending Inventory Date Units Cost Total Units Cost Total Units Cost Total Oct. 2 10,500 $12 $126,000 10,500 $12 $126,000 15 17,500 16 280,000 [1] [2] [3] [4] [5] 29 22,600 [6] 171 [8] [9] [10] [11] 121 [12] [13]