14 15 16 17118 19 On June 1, 2020, Company AAA has 10 units of inventory with a unit cost of $5. The company purchased additional 10 units @ $5.5, 15 units @ $4, and 20 units @ $6 on June 5, June 15, and June 28, respectively. The company sold 15 units each on the following dates: June 6, June 18, and June 29. What is the cost of ending inventory using the LIFO cost flow in a perpetual inventory system? 2. Company A7 has the following balance sheet details as of December 31, 2020: Beginning total assets $5,000,000 Addition to total assets $500,000 I Deductions from total assets-$2,000,000 Net income $3,500,000 Revenues $8,500,000 Other gains - $2,500,000 What is the asset turnover ratio of Company A7? 3. Company IR currently uses variable costing in presenting its income statement. In March 2020, the company produced 50,000 units and sold 45,000 units. The company sells its products at $100 per unit. The following are the costs incurred during March: Direct materials -$30 per unit Direct labor - $20 per unit Manufacturing overhead $20 per unit (30% is fixed cost) Total period cost $20.000 (30% is fixed cost)