Using the following information answer the first four questions. Balance Sale 10 units at $550 $ Purchase Purchase Sale Purchase 5 units at $9 45 $3, 32 8 units at $4 345 5 units at $3 ISB 10 units at $9 6 units at $2 125 1. Using FIFO periodic calculate the Cost of Goods Sold (Show work for Credit) A. $67 B. $61 C. $70 D. $65 2. Using LIFO perpetual calculate the Cost of Goods Sold (Show work for Credit) A. $49 B. $60 C. $63 D. $65 3. Using LIFO periodic calculate the Cost of Goods Sold (Show work for Credit) A. $51 B. $43 C. $58 D. $54 4. Using the Average Cost calculate the average cost per unit. A. $3.86 B. $6.14 C. $3.76 D. $4.86 5. A fire destroyed a warehouse. Accounting records on that date indicated the following Inventory at the beginning of the year Purchases during the year Sales to date $20 58 80 The gross profit ratio averages 30% of sales. Estimate the cost of inventory destroyed in the fire. Show work for credit. A. $25 B. $30 C. $20 D. $22