4 Cruiser Video was involved in the following transactions during August concerning DVD players:August 1Beginning inventory10 @ $60,August 10Purchased5 @ $64,August 15Sold12 for $80 per unit,August 28Purchased5 @ $66,Calculate the ending inventory of DVDs for Cruiser Video in August assuming the use of the FIFO method under a perpetual inventory system. Answer $522 $514 $510 $500 Question 6 Cruiser Video was involved in the following transactions during August concerning DVD players:August 1Beginning inventory10 @ $60,August 10Purchased 5 @ $64,August 15Sold 12 for $80 per unit,August 28Purchased 5 @ $66,Calculate the cost of sales of DVDs for Cruiser Video in August assuming the use of the FIFO method under a perpetual inventory system. Answer $728 $736 $740 $750 The following information applied to Fenn, Inc: for 2004: Merchandise purchased for resale = $400,000, Freight-in = 10,000, Freight -out = 5,000, Purchase returns = 2,000. Fenn s 2004 inventoriable cost was Answer $400,000 $403,000 $408,000 $413,000