Using the following information calculate the cost of goods sold expense reported at the end of the year if Average Cost inventory valuation method is used. Units Purchase Price Beginning inventory 100 $25 Purchase #1 80 $26 Purchase #2 160 $23 Purchase #3 90 $24. Sales 260 units Select one: O a. $6,100 O b. $6,300 O c. $6,420 O d. None of the above Zizi Co. records as revenue for reporting purposes the municipal bond interest earned. (IRS does not recognize municipal bond interest for income tax purposes.) As a result, there will be a change in the deferred taxes in the balance sheet. Select one: a. True O b. False