#39-50 Don't need to show work.

39. Heathroton Company's goods in transit at December 31 include: sales made purchases made (1) FOB destination (3) FOB destination (2) FOB shipping point 4) FOB shipping point Which items should be included in Fetherston's inventory at December 31? 40. Quayle Bookstore had 500 units on hand a t January 1, costing $9 each. Purchases and sales during the month of January were as follows: Date Purchases Sales Jan. 14 380 @ $15 17 250 a $10 25 250 @ $12 29 260 @ $17 Quayle does not maintain perpetual inventory records. According to a physical count, 365 units were on hand at January 31. The cost of the inventory at January 31, under the FIFO method is: Purchases and sales during the month of January were as follows: 41 Quayle Bookstore had 500 units on hand at January 1, costing $9 each Date Purchases Sales 380 @ $15 Jan. 14 17 250 a $10 25 250@ $12 29 260 @ S17 Quayle does not maintain perpetual inventory records. According to a physical count, 360 units were on hand at January 31. The cost of the inventory at January 31, under the LIFO method is: 42. Bud's Place recorded the following data: Unit Date Received Sold On Hand Cost 1/1 Inventory 500 $2.40