Question: If the company is using a FIFO cost formula and a periodic system, what is the cost of goods sold closest to? $17, 225 $17,000

If the company is using a FIFO cost formula and a periodic system, what is the cost of goods sold closest to? $17, 225 $17,000 $16, 775 $16, 500 If the company is using a FIFO cost formula and a periodic system, what is the ending inventory closest to? $11, 275 $11, 500 $11, 725 $12,000 If the company is using a weighted-average cost formula and a periodic system, what is the cost of goods sold closest to? $17, 085 $17,000 $16, 915 $16, 575 If the company is using a weighted-average cost formula and a periodic system, what is the inventory closest to? $11, 925 $11, 415 $11, 500 $11, 585

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