Singleton Company's perpetual inventory records included the following information: Date January 1 Beginning inventory March 4 Purchase September 28 Purchase Number of units sold during the year: 540 Number of units and unit cost 330 units @ $13 280 units @ $22 250 units @ $15 Total cost $4,290 $6,160 $3,750 If Singleton uses the LIFO cost flow method, its ending inventory would be $4,160. True or False True False Singleton Company's perpetual inventory records included the following information: Date January 1 Beginning inventory March 4 Purchase September 28 Purchase Number of units sold during the year: 560 Number of units and unit cost 280 units @ $11 230 units @ $16 510 units @ $13 Total cost $3,080 $3,680 $6,630 If Singleton uses the FIFO cost flow method, its cost of goods sold would be $7,300. True or False True False Singleton Company's perpetual inventory records included the following information: Date January 1 Beginning inventory March 4 Purchase September 28 Purchase Number of units sold during the year: 570 Number of units and unit cost 300 units @ $12 250 units @ $18 550 units @ $14 Total cost $3,600 $4,500 $7,700 If Singleton uses the weighted average cost flow method, its average cost per unit would be $18.00. True or False True False