Question C: Multiple Choice Questions: (72 marks: 36 questions, 2 marks each: 120 minutes) Use the following information to answers questions 3 to 10: Office Value Inc. is an office supply retailer in Montreal. The company uses a perpetual inventory system and has a December 31 year end. The following schedule relates to the company's inventory for the month of May 2020: Date No. of Units Total Cost Total Sales May 1 Beginning inventory 150 $ 75,000 5 Sale 100 $85.000 Purchase 50 $ 27,500 13 Purchase 200 $120,000 24 Sale 200 $140,000 27 Sale 50 $ 40,000 30 Purchase 75 $ 49,500 Mai How many onils of inventory are on-hand on May 31, 2020 17 Novi Mars Using the FIFO method, the cost of sales for the month of May 2020 is equal to Oro OTO Notes Under the FIFO method the cost of ending inventory in dollars is equal to Marks Under the FIFO method the cost of ending inventory in dollars is equal to Sector On 179.500 575,000 Od $27.000 Mark Using the Weighted average cost method the cost of sales for the month of May 2020 is equal to: Select one O 19.750 Ob 9.500 O 10421 000 O Are for this question only that the periodic inventory system is used and the weighted we cost method What would be the cost of ending inventory? O1250 Os Note ws The pronto) Mey 24 sale would be equal to 1.500m Fomes the weighted average cost method O 50000 the FIFO mode Weighted average continethod O 12.00 mod.15.000 heighted-average cost method 2.arne mod 2 meteo average cost method 12