Using the following information answer the first four questions. Balance Sale Purchase Purchase Sale Purchase 10 units at $5 5 units at $9 8 units at $4 5 units at $3 10 units at $9 6 units at $2 1. Using FIFO periodic calculate the cost of Goods Sold (Show work for Credit) A. $67 B. $61 C. $70 D. $65 2. Using LIFO perpetual calculate the cost of Goods Sold (Show work for Credit) A. $49 B. $60 C. $63 D. $65 3. Using LIFO periodic calculate the cost of Goods Sold (Show work for Credit) A. $51 B. $43 C. $58 D. $54 4. Using the Average Cost calculate the average cost per unit. A. $3.86 B. $6.14 C. $3.76 D. $4.86 5. A fire destroyed a warehouse. Accounting records on that date indicated the following Inventory at the beginning of the year $20 Purchases during the year 58 Sales to date 80 The gross profit ratio averages 30% of sales. Estimate the cost of inventory destroyed in the fire. Show work for credit. A $25 8 $30 C $20 DS22