Use the following information for problems #35-40. Hu Co begins operations in 20X4, uses the periodic method and makes the following merchandise purchases: 20X4 Total units Unit cost Total cost April 900 $ 6 $5, 400 September 1, 300 7 9, 100 20X5 March 1, 100 $ 8 $8, 800 November 500 10 5,000 If HuCo uses FIFO costing and its December 31, 20X5 ending inventory is 800 units, then ending inventory on its balance sheet will be ellipsis. $8, 800 $5, 600 $9, 400 $7, 400 If HuCo uses LIFO costing and sold 2,000 units in 20X4, what is its cost of goods sold? $14,000 $13, 300 $13, 100 $13,000 If HuCo uses LIFO costing and sold 1, 700 units each year, what is its 20X5 cost of goods sold? $14, 300 $12, 700 $14, 400 $12, 800 Assume that HuCo uses LIFO costing. It sold 1, 500 units in 20X4 and has 1,000 units in its December 31, 20X5 ending inventory. What is ending inventory on its December 31, 20X5 balance sheet? $6, 600 $8,000 $6, 200 $7,000 If HuCo uses FIFO costing and sold 1, 800 units each year, what is its 20X5 cost of goods sold? $14, 200 $10, 700 $14, 600 $10, 300 HuCo, which uses weighted average costing, has 700 units in 20X4 ending inventory. If HuCo sells 1, 600 units in 20X5, what is its 20X5 cost of goods sold (round unit costs in the computation to the nearest penny)? $13, 800 $11, 040 $11, 760 $12, 816