Broumo. Resume Faculty REVIEW Course W NWP AS. Ch 140 NWP AS prehensive Exam Question 3 of 6 - / 16.7 III Natalie is busy establishing both divisions of her business (cookie classes and mixer sales) and completing her business degree. Her goals for the next 11 months are to sell one mixer per month and to give two to three classes per week. The cost of the fine European mixers is expected to increase. Natalie has just negotiated new terms with Sheridan that include shipping costs in the negotiated purchase price (mixers will be shipped FOB destination from the supplier to Natalie) Assume that Natalie has now decided to use a periodic inventory system and now must choose a cost flow assumption for her mixer inventory. Inventory as on January 31, 2023 represents three mixer purchased at a unit cost of $680. The following transactions occur in February to May 2023. a Feb. 2 16 25 Mar. 2 Natalie buys two mixers on account from Sheridan Supply Co. for $1,368 ($684 each), FOB destination terms /30. She sells one mixer for $1.311 cash. She pays the amount owed to Sheridan She buys one mixer on account from Sheridan Supply Co. for $698, FOB destination, terms /30. Natalie sells two mixers for a total of $2.622 cash. She pays the amount owed to Sheridan She buys two mixers on account from Sheridan Supply Co. for $1,388 ($694 each). FOB destination terms 1/30. She sells three mixers for a total of $3,933 cash. 30 31 Apr. 1 13 Maallaanthaanauraliasitten ES " ty NON A 18 mume Resume Faculty REVIEW Course W NWP AS . Ch 140 W NWPA ehensive Exam Question 3 of 6 - / 16.7 E 30 31 Apr. 1 13 Natalie sells two mixers for a total of $2,622 cash She pays the amount owed to Sheridan She buys two mixers on account from Sheridan Supply Co. for $1.388 ($694 each), FOB destination terms /30. She sells three mixers for a total of $3,933 cash. Natalie pays the amounts owed to Sheridan She buys two mixers on account from Sheridan Supply Co. for $1.442 ($721 each), FOB destination terms n/30. She sells one mixer for $1.311 cash. 30 May 4 27 Determine the cost of goods available for sale. Cost of goods available for sale e Textbook and Media atv A 18 prehensive Exam Question 3 of 6 - / 16.7 III eTextbook and Media Calculate (ending inventory. (l) cost of goods sold, and (ii) gross profit under each of the following methods:LIFO, FIFO, and average cost. (Round average unit cost to 2 decimal places. e. 8. 2.225. Round average cost answers to 2 decimal places, 6.3. 2,405.22 and all other answers to o decimal places, eg. 2,525.) LIFO FIFO Average Cost Ending inventory $ $ 5 Cost of goods sold Gross profit $ eTextbook and Media NY 200 tv X 18 2