The inventory records for Raymond Co. reflected the following Beginning Inventory @ May 1 350 units@ $2.00 First Purchase @ May 7 580 units @ $2.60 Second Purchase @ May 17 540 units $2.60 Third Purchase @ May 23 380 units @ $2.50 Sales @ May 31 1,600 units $2.90 Determine the cost of goods sold assuming the LIFO cost flow method O A) $4,062 OB) $3,700 O c) $3,862 O D) $4,562 Question 25 (1 point) For Raymond Co, determine the ending inventory assuming FIFO cost flow method A) $650 B) $625 O C) $500 O D) $651 Question 26 (1 point) For Raymond Co, determine the amount of gross margin assuming weighted average cost flow method. ( Do NOT round the average cost per unit i.e leave it in your calculator.)) O A) $950 B) $616 O c) $1,028 O D) $694