The following information applies to the next three questions. Purchased 20 units @ $10.. Purchased 30 units @ $11.. Purchased 15 units @ $12. Sold 25 units @ $18. January 2: January 4: .. January 7: " January 10: 11. What will be the cost of goods sold if Denver Co. uses the FIFO cost flow method? a. $195 b. $250. c. . $255. d. $290. 7 12. What will be the cost of goods sold if Denver Co. uses the LIFO cost flow method? a. $255. b. $290, c. $300.* d. 450