Use the following information for the next FIVE questions. DM Inc. uses a perpetual inventory system and has the following inventory data available for April Units Acquired at Cost Units Sold at Retail 4/1 Beginning bal. 700 units @ $6.00/unit $4,200 4/9 Purchase 400 units $9.30/unit 3.720 4/14 Sale 500 units @ $13/unit 4/16 Purchase 400 units @ $8.20/unit 3.280 4/26 Sale 300 units @ $13/unit Totals 1.500 units $11.200 800 units 4. What is the cost of goods available for sale? a. $4.200 b. $7,000 c. $11,200 d. $10,400 5. Using LIFO, what is Cost of Goods Sold for April? a. $6,780 b. $5,130 c. $7,000 d. $4,200 6. Using LIFO, the April 30 balance sheet will report: a. Inventory of $4,200. b. Inventory of $4.420. c. Cost of Goods Sold of S6,780. d. Two of the above answers are correct. 7. Using FIFO, what is Cost of Goods Sold for April? a. $7,000 b. $5,270 c. $5.130 d. $6,070 8. Using the weighted average method, what is the cost of ending inventory on April 30? (Round average unit costs to the nearest cent.) 3. $5,880 b. $4.520 c. $5.976 d. $5,320