The records of Amman Commercial Company show the following data: Inventory Purchases Purchases Date 01/01/2019 20/07/2019 22/11/2019 Units 20,000 18,000 12,000 Unit Cost 9 8 7 Note: on 31/12/2019 a periodic inventory system is used, and the units on hand (ending inventory) were 15,000. Instructions: 1. Under the FIFO method, the cost of ending inventory is: V A. 124,000 B. 116,000. C. 108,000 D. 144,000 2. Under the FIFO method, the Cost of Goods Sold is: A. 258,000 B. 256,000 C. 284,000 D. 300,000