sells Jeans. designer jeans were as follows: Units Unit Cost Total Cost January 1 Beginning inventory 100 pairs $22 $2,200 January 6 Purchase 40 pairs $25 $1,000 January 10 Sale 30 pairs January 15 Purchase 70 pairs $30 $2,100 January 20 Sale 100 pairs January 25 Purchase 40 pairs $35 $1,400 Under FIFO, the cost of goods sold for January would be equal to: A. $3,750 B. $2,700 C. $3,250 D. $2,950 E. $4,000 Under LIFO, the ending inventory at January 31 would be equal to: A. $3,750 B. $2,700 C. $3,250 D. $2,950 E. $4,000 Assume the company sells each pair of jeans for $40. Under weighted average method, the gross profit for January would be equal to: A. $1,716 B. $1,984