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Use the following information to answers questions 3 to 10: Office Value Inc. is an office supply retailer in Montreal. The company uses a perpetual inventory system and has a December 31 year end. The following schedule relates to the company's inventory for the month of May 2020: Date No. of Units Total Cost Total Sales May 1 Beginning inventory 150 $ 75,000 15 Sale 100 $ 65,000 9 Purchase (50 $ 27,500 13 Purchase 200 $120,000 124 Sale 1200 $ 140,000 27 Sale 150 $ 40,000 30 Purchase 75 $ 49,500 How many units of inventory are on-hand on May 31, 2020? Select one. O a. 825 O 6.675 O c. 375 O d. 125 Using the FIFO method, the cost of sales for the month of May 2020 is equal to: Select one: 0 a $192,500 O b. $193,750 O c. $175,000 O d. $245,000