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Salmone Company reported the following purchases and sales of its only product Salmone uses a periadic inventory systern. Defermine the cost assigned to cost of goods sold using FIFO. Muluple Choice 52988 $3,460 Multiple Choice $2.988 $3.460 $3,580 $3.450 59,118 A company's inventory records indicate the following data for the month of Aprit: The company uses a penodic inventory system. Determine the cost assigned to ending inventory using the specific identhication method Ending inventory consists of 350 units from the April 16 purchase, 80 units from the April 7 purchase, and 100 units from beginning inventory. Mutple Choice 522200 Multiple Choice $22200 $42,450 $35,840 $26.460. $26,980 A company uses the periodic inventory system and had the following activity during the current monthly period. Using the weighted-average inventory method, the company's ending inventory would be Multiple Choice $2.560 $3124 Multiple Choice $2560 $3.124 $2456 $5.016 A company has the following purchases and sales during February Using the FIFO periodic inventory method, what is the cost of the 12 units that are sold? Multiple Choice $252 $256 5227 Multiple Choice $252 $256 $227 $251 $272 A company has the following purchases and saies during October. Using the FiFO periodic inventory method, what is the value of the inventory on October 15 after the sale? Multiple Choice $260 $220 Multiple Choice $260 $220 $390 $680 $1,130 A flood destroyed a company's warehouse contents on September 12 The following information was the only information that was salvaged Inventory, beginning $28,800 2. Purchases for the period $17,800 3 Sales for the period: $55,800 4. Sales returns for the period, $780 The company's average gross profit ratio is 32%. What is the estimated cost of the lost inventory using the gross profit method? Mutuple Choice $9.86.40 528,99360 Multiple Choice $9.186.40. $28,99360 $31.68800 $46,60000 $45,600,00