Use the following information for questions 15 through 20. Osbourne Company uses a Perpetual Inventory System 'The Beginning Inventory of a particular product and the purchases during the month of August 2019 were as follow: Unit Cost $200 Total Cost $3,200 16 Quantity Beginning Inventory (August 1, 2019) Purchases (August 1, 2019) 8 Purchases (August 15, 2019) Total 40 220 230 1,760 3.680 $8.640 On August 21, 2019, Osbourne Company sold sixteen (16) units of this product. The other twenty-four (24) units remained in Ending Inventory on August 31, 2019. 15. Assuming that Osbourne Company uses the FIFO Cost Flow Assumption Method for Inventory, the Cost or Goods Sold to be recorded for the twenty-four (24) units of Inventory sold during the month of August is: (a) (b) Tc (d) $3,200. $4,960 $5,184. $5,440. 16. Assuming that Osbourne Company uses the LIFO Cost Flow Assumption Method for Inventory, the Cost Of Goods Sold to be recorded for the twenty-four (24) units of Inventory sold during the month of August is: (a) $4,960