Thank you!

Canvas -> XCD D Question 25 Beginning inventory and purchases for the month of May are as follows: Table 3 Cost per Unit Total Cost Units 1-May 15 SO 750 12 May 30 58 1740 23-May 15 67 1005 Total 3495 On May 31 it was determined that there were 25 units on hand. Cost of goods sold to e month of May, using the periodic weighted average method would be Round all calculation to the nearest cent (two decimal places) $1.456.25 $1.458.25 $2,038.75 $2,041.55 Question 26 When Inventory prices are rising, which of the following is true? The FIFO method will result in the lowest Net Income The LIFO method will result in the lowest cost of goods sold The FIFO method will state merchandise Inventory on the balance sheet at an amount closest to current replacement cost The Average method will result in the lowest Net Income