umur 12209 Question 1 Answer saved Points out of 4 P Flag question g the lo Company A had 500 units of inventory at a cost of $12 each. It purchased 300 more units of inventory, for $8,400. Company A then sold 400 units of inventory at a selling price of $24 each, resulting in a gross profit of $4800. The cost flow assumption used by Company A is ar or see. Select one: a. weighted average. b. LIFO. c. FIFO. d. cannot be determined from the information given Next page