The following information is for questions 7-9. The following information is taken from the inventory records of Vinton Corporation for the month of August 2018: Date Quantity 2$ 8/1/2018 Beginning Inventory 2,000 6.25 8/8/2018 Purchase 10,000 5.75 8/14/2018 Sale (8,000) 8/18/2018 Purchase 6,000 5.25 . D. 8/25/2018 Sale (7,000) 8/31/2018 Ending Inventory 3,000 7. Assuming Vinton Corporation uses a perpetual inventory system and employs the LIFO method, what is the cost of goods sold for August 2018? 212 012 A. $83,250 C. $85,050 E. None of the above B. $84,583 D. $85,750 8. Assuming Vinton Corporation uses a perpetual inventory system and employs the FIFO method, what is the cost of goods sold for August 2018? B. $84,583 D. $85,750 A. $83,250 C. $85,050 E. None of the above 9. Assuming Vinton Corporation uses a periodic inventory system and employs the average cost method, what is the cost of goods sold for August 2018? B. $84,583 D. $85,750 A. $83,250 C. $85,050 E. None of the above