Problem 1: Arington Tech Company, sells electronics in Chicago - USA, It has the following data for its purchases for the first-semiannual of 2020. Units Cost per unit Selling price per unit Inventory 300 22 Beginning inventory Jan 1 Purchase 100 1 Feb 26 Sales 150 15 March Purchase 200 1 April Purchase 400 | 11 55 | 25 July 20 550 Sales 5 Aug 500 Purchase 15 Oct 21 600 Sales 25 Dec 3. The company's average cost per unit is equal to: * A) $11.9 B) $11 OC) $13 OD) $13.7 OE) None of the above 4. When using LIFO method for evaluating inventory: OA) COGS value is understated on the income statement. OB) The cost of inventory is matched with current selling prices. O C) Ending inventory on the Balance Sheet is understated OD) Both (B) & (C) OE) None of the above