Use the following information to answer Questions 7 through 10. A company had the following inventory transactions for the month of April. The company had no beginning inventory on hand on April 1 COMPANY INFORMATION FOR INVENTORY TRANSACTIONS FOR MONTH OF APRIL Purchases Sales April1,200 $3.20 3 3,300 $3.10 7 1,800 @ S3.30 15 2,700 $3.40 22 750 $3.50 April 2 900$5.50 6 2,400 a S5.50 9 1,500 $5.50 10 600 $6.00 18 2,100 S6.00 25 450 S6.00 Assuming that inventory records are kept on a periodic basis, the ending inventory using the LIFO cost flow assumption is: (a) S5,700. (b) $5,910. (c) $5,760. (d) $6,195. 7. 8. Assuming that inventory records are kept on a perpetual basis, the ending inventory using the LIFO cost flow assumption is: (a) $5,700. (b) $5,760. (c) $5,910. (d) $6,195. 9. Assuming that inventory records are kept on a perpetual basis, the ending inventory using the FIFO cost flow assumption is: (a) $5,700 (b) S5,760. (c) $6,195 (d) $6,300