Question 4 The records of Amman Commercial Company show the following data: Unit Cost 9 Inventory Purchases Purchases Date 01/01/2019 20/07/2019 22/11/2019 Units 20,000 18,000 12,000 8 7 Note: on 31/12/2019 a periodic inventory system is used, and the units on hand (ending inventory) were 15,000. Instructions: 1. Under the FIFO method, the cost of ending inventory is: A. 124,000 B. 116,000. C. 108,000. D. 144,000. v 2. Under the FIFO method, the cost of Goods Sold is: A. 258.000 B. 256,000 C. 284,000. D. 300.000