th I abe X2 X2 A S The ZoZt inventory auta Tor Anger Corporation is presented below. Assume that anger uses penodic inventory tracking 2021 Beginning Inventory (purchased in 2020) 200 units @ $24 per unit Purchases: Purchase 1 on 2/1/21 500 units @ $26 per unit Purchase 2 on 6/12/21 300 units @ $30 per unit Sales: Sale 1 on 3/5/21 450 units @ $50 per unit Sale 2 on 9/15/21 400 units @ $50 per unit When Angel examined what items were sold, they noted that 150 of the units are from 2021 beginning inventory, 430 units are from the 2/1/21 purchase, and 270 units are from the 6/12/21 purchase. 1. What is Inventory on the 12/31/21 Balance Sheet if Angel uses FIFO? a $3,600 b. $4,500 c. $22,300 d $23,200 2. What is Cost of Goods Sold on the 2021 Income Statement if Angel uses LIFO? a $3,600 b. $4,500 c. $22,300 d. $23,200 I I 3. What is Inventory on the 12/31/21 Balance Sheet if Angel uses Specific Identification? a. $3.920 b. $4,500 c. $22,880 d. $23,200 4. What is Gross Profit on the 2021 Income Statement if Angel ures Weighted Average Cost? a $4,020 b. $19,720 c. $22,780 d. $38,480 1020 Words English (US)