Use the following information to answer questions 5 and 6. Sam's Store uses a periodic inventory system. The following information is given: Jan 1 Feb. 6 Mar. 9 Apr. 2 Dec. 1 Dec. 5 Beginning Inventory, 100 units @$10 each Sold 50 units @$25 each Purchased 500 units @s11 each Purchased 300 units @s13 each Sold 840 units @28 each Purchased 100 units @S14 each 5. What is the cost of the ending inventory on a FIFO basis? a $1,540 b. $1,530 c. $1.450 d $1,110 6. What is the cost of goods sold on a weighted average cost basis? a $17,221 b. $14.982 $11,800 d $10.502 C