ACC202 Exam # 2 Chapter 7, 8, 9, and TVM Module The company uses a periodie inventory system, and a physical inventory on November 30, 2014, shows 9,600 units on hand. Prepare schedules to compute the ending inventory at November 30, 2014, under each of the following inventory methods: (1) FIFO. (2) LIFO 6. The following payment plans are offered on the purchase of a new freezer: (20pts) $375 cash. 8 monthly payments of $55. $100 cash down and six monthly payments of $50. Plan A Plan B Plan C Which payment plan would you choose if interest is 24% annually, compounded monthly, if you are the purchaser? If you are the seller? (Assume ordinary annuities where applicable.) ACC202 Exam # 2 Chapter 7, 8, 9, and TVM Module The company uses a periodie inventory system, and a physical inventory on November 30, 2014, shows 9,600 units on hand. Prepare schedules to compute the ending inventory at November 30, 2014, under each of the following inventory methods: (1) FIFO. (2) LIFO 6. The following payment plans are offered on the purchase of a new freezer: (20pts) $375 cash. 8 monthly payments of $55. $100 cash down and six monthly payments of $50. Plan A Plan B Plan C Which payment plan would you choose if interest is 24% annually, compounded monthly, if you are the purchaser? If you are the seller? (Assume ordinary annuities where applicable.)