The records of Amman Commercial Company show the following data: Date Units Unit Cost 01/01/2019 9 Inventory Purchases 20,000 18,000 12,000 20/07/2019 22/11/2019 8 Purchases 7 Note: on 31/12/2019 a periodic inventory system is used, and the units on hand (ending inventory) were 17,000. Instructions: 1. Under the FIFO method, the cost of ending inventory is: A. 124,000. B. 116,000 C. 112,000. D. 144,000. 2. Under the FIFO method, the Cost of Goods Sold is: A. 258,000. B. 256,000. C. 284,000. D. 292,000