Use the following information to answer the next (3) questions:

Copeland Companys inventory records for October reveal the following:

Oct. 4 Purchase 22 units @$18.50

Oct 7 Sale 20 units @$42.00

Oct. 14 Purchase 12 units @$19.00

Oct. 28 Purchase 10 units @$19.50

Oct. 30 Sale 25 units @ $44.00

Copeland began the month of October with 15 units at a cost of $18.00 each.1.Calculate ending inventory using the average cost method as discussed in class.(Round cost per unit to the nearest cent)

A. $271.00

B. $260.96

C. $264.04

D. $269.50

E. $262.502.

Calculate cost of goods sold using perpetual FIFO:

A. $271.00

B. $1,111.00

C. $829.00

D. $1,940.00

E. $848.003.

Calculate gross profit using perpetual LIFO:

A. $252.00

B. $848.00

C. $1,940.00

D.$1,111.00

E. $1,092.00