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Answer Questions 15-18 using the information below McCarthy Company has inventory of 8 units at...

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Answer Questions 15-18 using the information below McCarthy Company has inventory of 8 units at a cost of $200 each on October 1. On October 2, it purchased 20 units at $205 each. 1 units are sold on October 4 15. Using the FIFO perpetual inventory method, what amount will be reported in cost of goods sold for the 11 units that were sold? A) S2,239 B) S2,255 C) S2,200 D) S2,228 E) S2,215 16. Using the FIFO perpetual inventory method, what is the value of inventory after the October 4 sale? A) S3,485 B) S3,445 C) S3,500 D) S3,472. E) S3.461 17. Using the LIFO perpetual inventory method, what amount will be reported in cost of goods sold for the 11 units that were sold? A) S2,239 B) S2,255 C) $2,200 D) S2.228 E) $2,215 18. Using the LIFO perpetual inventory method, what is the value of inventory after the October 4 sale? A) S3.485 B) S3,445 C) S3.500 D) S3,472. E) S3.461

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