Use the following to answer questions 7 - 17 During September, AUD Company sells 972 mountain bikes for $2,350 each. The company has the following inventory purchase transactions for September: Date Transaction # of Units Unit cost Total Cost 1-Sep Beginning Inventory 150 $1,250 $187,500 7-Sep Purchase 350 $1,255 439,250 19-Sep Purchase 500 $1,257 628,500 1,000 $1,255,250 7. S What were company's sales revenue for the period? For questions 14 - 16 assume the company uses Weighted Average cost inventory valuation. 14. $ Calculate ending inventory (WA) 15. S Calculate cost of goods sold (WA) 16. $ Calculate gross profit (WA) 17. Based on the above, which method would show a larger net income number? (FIFO, LIFO or WA)