The average cost per unit is calculated as the cost of goods available for sale divided by the number of units sold. True False Question 11 (Mandatory) (1 point) The selling price of a television is $1700 and the cost to the retailer is $725. What is the retailer's gross profit from the sale of the television? $0 O$975 $725 3 $1700 Question 12 (Mandatory) (1 point) The inventory cost under the average cost per unit method will generally fall in between the inventory cost using the LIFO and FIFO methods. True False