The $2024$ inventory data for Garden Corporation's patio furniture Bermuda set is presented below. Assume that Garden uses periodic inventory tracking.

$2024$ Beginning Inventory $($purchased in $2023)$

Purchases:

Purchase $1$ on $1/20/24$

Purchase $2$ on $6/15/24$

Sales:

Sale $1$ on $4/8/24$

Sale $2$ on $9/25/24$

$50$ units @ $$280$ per unit

$150$ units @ $$300$ per unit

$600$ units @ $$320$ per unit

$275$ units @ $$600$ per unit

$430$ units @ $$600$ per unit

$1505$

$2100$

When Garden examines the actual units in ending inventory, they see that $15$ of the units are from $2024$ beginning inventory, $20$ units are from the $1/20/24$ purchase, and $60$ units are from the $6/15/24$ purchase.

$595$

$1.$ What is Inventory on the $12/31/24$ Balance Sheet if Garden uses FIFO?

a$.$ $$223,500$

b$.$ $$220,600$

C$.$

$$30,400$

d$.$

$$27,500$

$2.$ What is Cost of Goods Sold on the $2024$ Income Statement if Garden uses LIFO?

a$.$ $$223,500$

b$.$

$$220,600$

$.$

$$30,400$

d$.$

$$27,500$

$$What is Inventory on the $12/31/24$ Balance Sheet if Garden uses Specific Identification?

a$.$ $$223,500$

b$.$ $$221,600$

C$.$

$$29,400$

d$..$ $$27,500$

$$What is Gross Profit on the $2024$ Income Statement if Garden uses Weighted Average Cost?

a$.$ $$251,000\mathrm{.}00$

$$221,193\mathrm{.}75$

$.$

$$201,806\mathrm{.}25$

$$29,806\mathrm{.}25$