The Xu Corporation uses a perlodic Inventory system. The company has a beginning Inventory of 550 units at $8 each on January 1. Xu purchases 800 units at $7 each In February and 350 units at $9 each In March. There were no additional purchases or sales during the remalnder of the year 15. Xu sells 600 units during the quarter. If Xu uses the LIFO method, what is its cost of goods sold? O $5,400 $4,700 O $4,900 O $4,800 16. Xu sells 300 units during the quarter. If Xu uses the welghted average method, what is its cost of goods sold for the querter? (Do not round intermediate calculations. Round your final answer to the nearest dolle amount.) O $2.400 o $2.321 O $2.100 O $2,700