[The following information applies to the questions displayed below] The Xu Corporation uses a perlodic Inventory system. The company has a beginning inventory of 1,050 units at $13 each on January 1. Xu purchases 1,300 units at $12 each in February and 600 units at $14 each In March. There were no additional purchases or sales during the remalnder of the year. 1.00 points Xu sells 1100 units during the quarter. If Xu uses the LIFO method, what is Its cost of goods sold? O $14,400 O $14,300 $15.400 O $14.200 value: 1.00 points Xu sells 550 units during the quarter. If Xu uses the weighted average method, what is its cost of goods sold for the quarter? (Do not round intermediate calculations. Round your final answer to the nearest dollar amount.) $7.019 O $7700 O $7150 O $6.600