Use the following inventory information to answer q on August 1. During of 250 units at a cost of $12 per unit and sales were made: the month, the following purchases Purchases Sales August 4 August 15 August 28 300 units@ $13 400 units@s15 250 units@ $14 August 7 200 units August 11 150 units August 17 300 units August 24270 units Finley uses a periodic inventory system Instructions: (Show calculation in work book) (a) Assume that Finl What amount should Finl ey uses the avcrage cost method to determine the value of its inventory. for the tor the month of August? fround average cost per unit to the nearest cent (2 decimal places)) cy report as cost of merchandise sold on its Income Statement Cost of Merchandise Sold-s (b) Assume that Finley uses the LIFO method to determine the value of its inventory. What amouh huy rport as sest of eniance Sheet for the month of August? Cost of Ending Inventory-s (c) Assume that Finley uses the FIFO method to determine the value of its inventory. What amount should Finley report as cost of merchandise sold on its Income Statement for the month of August? Cost of Merchandise Sold-S