With loc. is a wholesater that uses a perpetual inventory system. The company's accounting records provided the following transactions for Product ding the face you ended on December 31, 2020 Date Transactions Units Unit Cost Sale Price March 5 Purchase 19,000 S9 June 15 Sale 10,000 $27 September 19 Purchase 8,000 11 November 20 Sale 16,000 30 Additional information . The beginning inventory consisted of 7.000 units at a total cost of $56,000 All sales are made on account with credit terms, 2/10, 1/30 . Customers who purchased 10,000 units on November 20 paid the amount oue within the discount ponod Al other customers paid their accounts receivable for the discount period Al the start of each question below, we indicato whether the First an, First of (FIFO) method of the Waighted Average Cost (WAC) method is used. 10 of 20 (FIFO) The cost of ending Inventory at December 31, 2020 is: OA $11,000 OB $38.000 OC $50.000 OD $10,000 Unsure Il of 20 (FIFO) The cost of sales for 2020 i OAS24 000 OD $235.000 OC $227.000 OD 504.000 Assume that Whitby purchased goods for $2,000 from a local supplier on December 30, 2020 with tea FO.8. shipping point. The merchandise had notantved at me company's warehouse ants Jomary 2021, and was not included in the inventory count at year end. What effect would this error have on the company's cost of sand niet camnings for 20207 The company income tax rate is 10 percent OA Understated by $2.000 versioned by 51.200 OB Oversted by 52.000 Understated by $1,200 OG Understated by 32000 Overated by 5000 OD Overstated by 7.000 Understand by $800