Acme grommet sells reinforced eyelets and has been in business since 2012. the exhibit below provides relevant data and financial statement information about acme’s inventory purchases and sales of inventory for the last year. units unit price beginning inventory 699 $5.00 purchases 710 $8.00 sales 806 $15.00 sga expenses $3,141 per annum question part 1: the cost of goods sold using the weighted average cost method is closest to: cogs a) $4,986.02. b) $5,248.44. c) $4,351.00. 23. based on the information provided in question 22, the cost of goods sold using the first in, first out (fifo) method is closest to: fifo cogs a) $4,133.45. b) $5,248.44. c) $4,351.00. 24. based on the information provided in question 22, the ending inventory value in dollars using the fifo method is closest to: a) $4,824. b) $6,160. c) $4,582. 25. based on the information provided in question 22, the value of the ending inventory level in dollars using the last-in-first-out (lifo) method is closest to: a) $3,015. b) $6,160. c) $4,824.