What is the answer for number 3?

14 E-learning szolgltatsok BMW Group - Car... Not yet Teaching Universi... answered Santa Inc. had the following information regarding their inventory: KG Cost per KG Total Cost $300 Alkhatatneh Shahe Marked out of 5.00 Balance as of January, 1: 2,000 Quiz Flag Purchases: $5 question 1 February 8 5,000 $6.5 7 July 26 3,000 $6 October 7 10,000 $4.4 Ne 12 Sales: December 20 N Balance as of December 31: 6,000 E Fir Ti Required: 7. Calculate the total cost of the inventory regarding the purchases. (2 points) 2. If the closing balance is 6,000 KG (as you see on the table), how many KGs did the Company sell on December 20? (1 point) 3. If the Company is using FIFO inventory method, what would be the closing balance of the inventory? (2 points) Use the template below to record your answer for the 1st and 2nd