-. Texon has the following data related to an item of inventory: Inventory, May 1 Purchase, May 7 Purchase, May 16 2,000 units @ 4.20 7,000 units @ 4.40 1,400 units @ 4.50 2,600 units Inventory, May 31 (a) How much is the value assigned to cost of goods sold if Texon uses FIFO? (b) How much is the value assigned to cost of goods sold if Texon uses average-cost ?* (4 Points) Show the details of your answer