ABC. Ltd. uses a perpetual inventory system and the weighted average cost method. The following represents complete information on inventory transactions for ABC. Ltd. for the year ended December 31: January 1: Opening inventory 14000 units at $ 6 per unit June 1: Purchased 7000 units at $ 7 per unit August 1: Purchased 3500 units at $ 9 per unit October 1: Sold 6000 units at $ 24 per unit Calculate ending inventory. Round your answer to the nearest dollar. Your Answer: Answer Question 5 (1 point) On January 1, year 1, ABC. Ltd. purchased a piece of equipment with a cost of $ 200000. The equipment has a useful life of 5 years and a residual value of $ 20000 and is being depreciated under the straight line method. The equipment was sold on April 1, year 4 for $ 140000. Calculate the gain or loss on disposal. If the amount is a gain, enter the answer as a positive amount below (i.e. 20000). If the amount is a loss, enter the answer as negative amount below (i.e. -20000). Your