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 question 1: Given 100 units were sold during the month, units remained in inventory at month end. question 2: Which of the following shows the correct amounts for COGS and ending inventory under LIFO? COGS, S628; ending inventory, $377 COGS, 5713; ending inventory, $292 COGS, $790; ending inventory, $215 COGS, $709; ending inventory, $296 COGS, S733; ending inventory, $272 question 3: Given unit prices were falling during the month, COGS reported under FIFO would be lower than the COGS reported under LIFO. True False question 4: The inventory cost flow assumption used would affect the days' sales in inventory calculation for Fugees. True False