Ruby's Red Roses Company reports the following information about their inventory for January: They had a beginning inventory ledger balance of 85 units at a cost of $3.00 each. On January 9, they bought 110 units at a cost of $3.20 each. On January 25, they bought 320 units at a cost of $3.30 each. The company sold 355 units on January 26. Answer and discuss the following: 1. What is the COGS assigned under FIFO? 2. What is the COGS assigned under LIFO? 3. Assuming the Net Sales were $3,550 and that the company shares bonuses with the employees based on Gross Profit, which method of inventory would the employees hope the company uses? and WHY