1.The following information for the month of April is available from the records of Ireland Department Store: Estimate the cost of the April 30 inventory using the Conventional Retail Inventory Method:

Select one:

a. $9,380

b. $11,183

c. $10,058

d. $9,319

e. $13,668

2.

At a lump-sum cost of $18,000, Obenauer Company recently purchased the following items for resale: The appropriate cost per unit of ABC inventory is:

Select one:

a. $3.00

b. $.80

c. $2.50

d. $3.75

e. $2.00

At Cost At Retail $74,600 80,000 $53, 250 2,000 Sales Purchases Freight-in Additional markups Markup cancellations Markdowns Markdown cancellations Inventory, April 1 4,300 700 6,600 200 11,400 8,400 Item ABC QRS XYZ No. of Items Purchased 2,000 1,000 3,000 Resale Price Per Unit $3.00 $6.00 $5.00