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 360 units @ $15 310 units @ $24 220 units @ $17 Total cost $5,400 $7,440 $3,740 If Singleton uses the LIFO cost flow method, its ending inventory would be $4,950. 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 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: T Date January 1 Beginning inventory March 4 Purchase September 28 Purchase Number of units sold during the year: 535 Number of units and unit cost 230 units @ $8 180 units @ $12 410 units @ $10 Singleton uses the weighted-average cost flow method, its average cost per unit would be $12.00. True or False True False