1.Orioles has the following inventory data:

Nov. 1 Inventory 34 units @ $6.70 each

8 Purchase 134 units @ $7.20 each

17 Purchase 67 units @ $7.05 each

25 Purchase 101 units @ $7.40 each

A physical count of merchandise inventory on November 30 reveals that there are112units on hand. Cost of goods sold under LIFO is

A. $825.

B. $1623.

C. $1587.

D. $789.

2.Novak Corp.had the following inventory transactions occur during 2022:

Units Cost/unit

Feb. 1, 2022 Purchase $132 $55

Mar. 14, 2022 Purchase $227 $57

May 1, 2022 Purchase $161 $60

The company sold373units at $77each and has a tax rate of30%. Assuming that a periodic inventory system is used, and operating expenses of $2196, what is the company's after-tax income using LIFO?

A. $4781.00

B. $3346.70

C. $5486.00

D. $3840.20

3.At May 1, 2022,Kingbird, Inc.had beginning inventory consisting of340units with a unit cost of $8. During May, the company purchased inventory as follows:

680units at $8

1030units at $9

The company sold1710units during the month for $14per unit.Kingbird, Inc.uses the average cost method. The value ofKingbird, Inc.'s inventory at May 31, 2022 is(Round average cost per unit to 2 decimal places, e.g. 12.52.)

A. $3060.

B. $2890.

C. $2720.

D. $17430.