1) ABC Company began a new business on January 1, 2013 and made the following purchases and sales during the year. 1-1-13 500 paintings @S7 4-9-13 200 paintings @S8 6-14-13 300 paintings a $9 9-19-13 1200 paintings @$10 10-25-13 400 paintings as11 12-30-13 Sold 700 paintings What is the value of the ending inventory FIFO _LIFO Weighted Avg 2) ABC Company began a new business on January 1, 2013 and made the following purchases and sales during the year. 1-1-13 800 paintings @S7 4-9-13 400 paintings @S8 6-14-13 500 paintings as9 9-19-13 900 paintings @s10 10-25-13 600 paintings @S11 12-30-13 Sold 1200 paintings What is FIFO LIFO Goods Sold Cost of Weighted Avg. 3) ABC Buys $8,000 in goods from XYZ with terms FOB Destination point. Who owns the goods while in transit? Who has the risk of loss of the goods while in transit? Who pays for shipping? 4) Sara worked 65 hours last week at $12hr. Prepare her paycheck assuming 10% Fed Tax and 5% AR Tax. 5) No MC questions. Merry Christmas! Study for your Final. Take it anytime from 12-8 to 12-11