The inventory records for Flower Co. reflected the following: Beginning inventory @ May 1 100 units @ $4.00 First purchase @ May 7 300 units @ $4.40 Second purchase @ May 17 500 units @ $4.60 Third purchase @ May 23 100 units @ $4.80 Sales @ May 31 900 units @ $7.80 Determine the amount of cost of goods sold assuming the LIFO cost flow method A. $2,360 B. $3,600 C $4,100 D. $4,320 The inventory records for Flower Co. reflected the following: Beginning inventory @ May 1 100 units @ $4.00 First purchase @ May 7 300 units @ $4.40 Second purchase @ May 17 500 units @ $4.60 Third purchase @ May 23 100 units @ $4.80 Sales @ May 31 900 units @ $7.80 Determine the amount of ending inventory assuming the FIFO cost flow method A. 9400 B. $440 C.5480 D. $940