D Question 24 3 pts Seamon's, Inc. uses the periodic FIFO method to account for its inventory. Seamon's sold 5,250 units of inventory on August 25. During the month of August, it had the following transactions in its inventory account: Transaction Number of Unit Cost Total Cost Units August 1 Beginning inventory 400 $8.00 $3.200 August 10 Purchase 5,400 $8.30 $44,820 Total Inventory Available for Sale 5,800 $48,020 What amount would Seamon's record as cost of goods sold? O $48.020 O $43,455 O $3,200 $44,820 D Question 25 3 pts When inventory unit costs are increasing O FIFO will result in higher cost of goods sold than wil UFO O FIFO will result in higher ending Inventory than will UFO O FIFO will result in higher net income and lower ending inventory than LIFO OLIFO will result in higher ending inventory than will FIFO