Use following information to answer the next two questions. Company K uses a periodic inventory system and has the following sales and purchases for the month of May: May 1 Balance 298 units @ $10 May 10 Sold 196 units @ $24 11 Purchased 797 units @ $12 15 Sold 490 units @ $26 20 Purchased 511 units @ $14 27 Sold 292 units @ $28 Compute the cost of goods sold under LIFO inventory method: A. 10,758 B. $11,578 C. $12,758 D. 9,650 Using information above, compute the ending inventory under the LIFO method: A. $7,940 B. 10,150 C. $8,940 D. $6,940 Company P has the following inventory information: Ending Inventory (End-of-Year Price Date Prices) Index December 31, 2021 $ 85,600 100 December 31, 2022 99,100 111 Use the dollar-value LIFO method to compute the ending inventory for 2022. A. $89,684 B. $112,884 C. $99,684 D. $109,884