Quiz Instructions During the year, ABC Corporation has the following transactions and the ending inventory is 80 units. The company's each unit selling price is $70. The company uses a periodic inventory system. Date Transaction Units Number Unit Cost Total Cost Jan, 1. Beginning Inventory 60 $52 3,120 Apr. 7 Purchase 140 54 7,560 Jul. 16 Purchase 210 57 11,970 Oct. 6 Purchase 120 58 6,960 Using each of FIFO, LIFO, and Weighted Average calculate on your note pad each of the following then answer the Quiz questions. Ending Inventory COGS Revenue Question 1 1 pts Using FIFO, what is ending inventory? $4,469 $4,200 O $6,359 O $4.640 Gross Profit Question 2 Using LIFO, what is ending inventory? O $4,640 O $4,300 O $4,469 O $4,200 1 pts D Question 3 Using Weighted-average cost, what is ending inventory? $6,359 O $4,496 O $4,200 $4,469 1 pts Question 4 Using FIFO, what is COGS? O $25,520 O $25,141 $24,970 O $25,410 1 pts Question 5 Using LIFO, what is COGS? O $25.410 $24,510 $24,970 O $25,141 1 pts D Question 6 Using Weighted-average cost, what is COGS? O $25,410 $25,141 O $24,541 $24,970 1 pts Question 7 Using FIFO, what is Gross Profit? $6,359 $6,530 O $6,090 O $4,640 1 pts Question 8 Using LIFO, what is Gross Profit? O $4,469 O $6,090 $6,359 O $6,530 1 pts D Question 9 Using Weighted-average cost, what is Gross Profit? $6,359 O $6,530 $6,090 O $6,395 1 pts D Question 10 What is total revenue using FIFO? $31.500 $33,800 O $32.500 $32,800 1 pts