9/23/anAn Home / My Courses / ACCT701-STACKED-34964-FALL2019 / Module 4 / Assessment 4 (Practice Questions) Started on Monday, September 23, 2019, 6:13 PM State Finished Completed on Monday, September 23, 2019, 6:27 PM Time taken 14 mins 2 secs Marks 120,00/120.00 Grade 30.00 out of 30.00 (100%) Question 1 The following data is available for an item of JNC Inc. for the month of March: Correct Mark 10.00 out March 1 Inventory of 10.00 15) units at $10 each 15 Purchase 30 units at $18 each 31 Purchase 24 units at $15 each Sale 30 units Using the first-in, first-out method, what is JNC Inc.'s cost of ending inventory for March? Select one: a. $420 613 - 540 b. $360 C. $510 d. $630 30X 10 - 300 Correct Marks for this submission: 10.00/10.00. Question 2 When merchandise sold is assumed to be in the order in which the expenditures were made Correct called: Mark 10.00 out f 10.00 Select one: a. first-in, first-out