1). At the beginning of the year, Whispering Winds had an inventory of 5670000. During the year, the company purchased goods costing $2040000. If Whispering Winds reported ending inventory of $990000 and sales of $3000000, their cost of goods sold and gross profit rate would be $1050000 and 57 33%.$1720000 and 42.67% $1950000 and 42.67% $1720000 and 57 33%. 2). Metlock, Inc. uses a periodic inventory system. Details for the inventory account for the month of January 2022 are as follows: Units Per unit price Total Balance, 1/1/2022 270 $5.00 $1350 Purchase, 1/15/2022 140 4.80 672 Purchase, 1/28/2022 140 5.00 700 An end of the month (1/31/2022) inventory showed that 220 units were on hand. If the company uses LIFO, what is the value of the ending inventory? $1085 $1100 $1084 $1622 3). Pina Colada Corp. uses a periodic inventory system. Details for the inventory account for the month of January 2022 are as follows: Units Per unit price Balance, 1/1/2022 330 $6.00 Purchase, 1/15/2022 170 5.80 Total An end of the month (1/31/2022) inventory $1980 showed that 260 units were on hand. If the 986 company uses FIFO and sells the units for $11 each, what is the 1020 gross profit for the month? $2066 $2444 Purchase, 1/28/2022 170 6.00 $4510 $2860