The ABC Company has the following inventory records. 2/1 Beginning balance 12@ $20 $ 240 2/5 Purchase 5@ $18 $90 2/10 Sale 7@ $100 $700 2/17 Purchase 23@ $15 $345 2/23 Sale 25@ $100 $2500 2/25 Purchase 10@ $14 $140 3/10 Purchase 8@ $12 $96 3/15 Sale 7@ $100 $700 3/19 Purchase 4@ $10 $40 Required: For the above data set please answer the following questions. Use the periodic inventory method.compute, for each month separately,the cost of good sold, using

a)FIFO

b)LIFO

c)Weighted-average