(1.) Taylor owns a boutique and needed to compute herinventory of all the scarves and jackets. She had 35 scarves on the floor and five in the storeroom. She had 15 jackets on the floor and eight more in the storeroom. Sally purchased each scarf for $28 and each jacket for $95.

The weighted average unit cost of scarves and jackets being sold is __________.

(2.) Which of the following statements describes the FIFOinventory valuation method?

(3.) Which inventory method is being used when the natural flow of goods is followed?

(4.) Which of the followingaccountswould the income statement of a merchandise and service company contain?

(5.) During the past six months, Roberta sold goods costing $35,500, her expenses totaled $2,500 and her freight in totaled $750. Her company's average stock of goods during the same period was $9,500.

The inventory turnover ratio for Roberta's company is __________.