Question 6 of 8 - 15 Unit Unit Cost Total Cost Jan 1 35 Begining Inventory Purchase $5.00 $175 Jan 20 80 6.00 480 Jul 25 Purchase 50 3.00 150 Oct 20 Purchase 65 400 260 230 $1.065 A physical inventory count on December 31 showed that there were 75 units on hand, Answer the following independent questions and show calculations supporting your answers, (Round answers to decimal places es 5,275) Question 6 of 8 5,275.) - 15 E ini (a) Assume that the company uses FIFO. The value of the ending inventory at December 31 is $ 290 (b) Assume that the company uses average cost. The value of the ending inventory on December 31 is $ (c) Assume that the company uses average cost. The value of cost of goods sold for the year ended December 31 is $ (d) Assume that the company uses FIFO. The value of the cost of goods sold for the year ended December 31 is $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer Type here to search 139 C O c 3