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Use this information for the next 2 questions. Inventory Purchase Information Cost per Extended Date Number of Units unit Cost Beginning Inventory 100 10 1,000

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Use this information for the next 2 questions. Inventory Purchase Information Cost per Extended Date Number of Units unit Cost Beginning Inventory 100 10 1,000 10-Mar 150 11 1,650 20-Mar 100 10 1,000 30-Mar 150 12 1,800 The company had a sale of 200 units on March 12 and 100 units on March 22. Question 5 2.5 pts Assume the company utilizes a Perpetual inventory cost system and a First-In, First-Out (FIFO) cost flow assumption? What is the costs of goods sold for the sale on March 12? O $2,100 O $2.300 O $2.850 $3,150 O $3,650 Question 6 2.5 pts Assume the company utilizes a Periodic inventory cost system and a Last-In, First-Out (LIFO) cost flow assumption. What is the balance of inventory on March 312 $2.100 52.300 0 52850 $3150 53.350

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