The following information was prepared for The Fugees, LLC's first month of operations: January 2 Purchase 30 units at a price of $10 each January 14 Purchase 75 units at a price of $7 each January 28 Purchase 36 units at a price of $5 each Which of the following statements is incorrect given 100 units were sold during the month? 41 units remained in inventory at month end. The COGS calculated under the weighted average method would be higher than the COGS calculated under LIFO. O Under LIFO, the reported cost of goods sold for the month was $628. Under FIFO, the costs assigned to used in ending inventory were $377. Given unit prices were falling during the month, COGS reported under FIFO would be higher than the COGS reported under LIFO.