Use the following information to answer questions 26 to 28 :
Pina Colada Corp. uses a periodic inventory system. Its records show the following for the month of May, in which 80 units were sold.
able[[Date,Explanation,Units,Unit Cost,Total Cost],[May 1,Inventory,30,$8,$240
month of May, in which 80 units were sold.
Date May 1 May 15 May 24
Explanation Inventory Purchase Purchase Total
Units 30 25 45 100
Unit Cost $8 $12 $16
Total Cost $240 $300 $720 $1,260
(26) What is the weighted-ayerage unit cost? (Round answer to 2 decimal places, e.g. 5.12.) A.12.00 ra8aA11g B.12.60 C.13.00 D. 14.60
(27) What is the COGS if the company uses the FIFO method?
A940 B.1,008 C.1,100 D.1,150
(28) What is the ending inventory`if the company uses the LIFO method?
A.160 B.240 C252 D.320