Student Nalle. EX6#11: Office Outlet Inc, reports the following inventory for its USB flash drives. Total Cost Date Units Unit Cost $ 400 Jan. 1 $2.00 200 Mar. 6 $2,000 500 $4.00 Aug. 9 $2,400 $6.00 400 Nov. 7 300 $2.100 $7.00 total At November 30, there are 350 units on hand. Compute ending inventory and cost of goods sold using LIFO under a periodic inventory system? A. $2,400 and $5,174 B. $1,000 and $5,900 c. $2,400 and $4,500 D. $1,000 and $6,500 EX6#12: Turf Builders Inc. manages its inventory of gravel under a periodic inventory system: Cost Calculate Pounds Pound Total Costs Inventory, Jan 1 5,000 $8.00 = Purchase, May 1 1 5,000 $10.00= Purchase, Sept. 1 20.000 $12.00= Total A physical count of the inventory at September 30 show 7,000 pounds of gravel on hand. Calculate the Average Cost Factor:$ (round factor to 2 decimal places). What is the cost of the ending inventory under the Average-Cost method? A. $84,000 B. $70,000 C. $56,000 000,2012 D. $75,250 hapter 6 In-Class Exercises Reporting and Analyzing Inventory due at beginning of class on October Brd. 23rd