Whole number 5 question states Using the LIFO method, what amount would be reported by Chunf Company under Cost of Ending inventory on May 31

Use the following inventory related information for Questions 4-5. The following data regarding purchases and sales of a commodity were taken from the perpetual inventory account of Chung Company: May 25 units at $80 Balance 1 6 Sale Purchase Sale Purchase Sale 20 units 8 20 units at $82 16 10 units 20 20 units at $84 23 25 units 30 Purchase 15 units at $86 Using the perpetual FIFO method, what amount would be reported by Chung Company for Cost of Goods sold for the month of May? A) $4,480 B) $4,560 C) $4,490 D) $4,460 4. 5. Using the LIF0 method, what amount would be reported by Chung Company under Cost a Ending Inventory on May 31? A) $2,080 B) $2,100 C) $2,110 D) $2,130