Can u pls give me the answer of part 1

In October, Nicole of Nicole's Getaway Spa (NGS) eliminated all existing inventory of cosmetic items. The trouble of ordering and tracking each product line had exceeded the profits earned. In December, a supplier asked her to sell a prepackaged spa kit. Feeling she could manage a single product line, Nicole agreed. NGS would make monthly purchases from the supplier at a cost that included production costs and a transportation charge. The spa would use a perpetual inventory system to keep track of its new inventory. On December 31, NGS purchased 10 units at a total cost of $6 per unit. NGS purchased 30 more units at $8 in February, but returned 5 defective units to the supplier . In March, NGS purchased 15 units at $10 per unit. In May, 50 units were purchased at $10 per unit; however, NGS took advantage of a 2/10, 1/30 discount from the supplier. In June, NGS sold 50 units at a selling price of $12 per unit and 35 units at $10 per unit. Required: 1. State whether the transportation cost included in each purchase should be recorded as a cost of the inventory or immediately expensed. Inventory cost Immediately expensed 2. Compute the cost of Goods Available for Sale, Cost of Goods Sold, and Cost of Ending Inventory using the first-In, first-out (FFO) method. (Do not round Intermediate calculations. Round final answers to the nearest dollar amount.) Cost of goods available for sale Cost of goods sold Cost of ending inventory Prev 1 of 2 Next Refer to the Wiki Art Gallery (WAG) Instructional case in Appendix D and read the case in sufficient depth to answer the following question 1. What inventory costing methods) does Wiki Art Gallery (WAG) use for determining the cost of artwork purchased as individual pieces? WAG uses FIFO WAG uses Specific Identification. WAG uses a combination of FIFO and Specific Identification WAG uses a combination of Average Cost and Specific Identification 2. What assumption is WAG making when accounting for the cost of artwork purchased in lots? WAG is assuming the first artwork purchased is the first artwork sold. WAG is assuming the last artwork purchased is the first artwork sold WAG is assuming the pieces of artwork are interchangeable and do not vary in value. WAG is assuming the pieces of artwork are uniquely identifiable. Enthalten. Aan that the Archant 3-a. Calculate the inventory turnover ratio, using the inventory on hand at December 31, as the beginning inventory. (Do not round Intermediate calculations. Round your answer to 1 decimal place.) Inventory turnover ratio times 3-b. The supplier reported that the typical Inventory turnover ratio was 79. How does NGS's ratio compare? This implies that it is taking Nicole a slightly amount of time to sell her inventory than her supplier claims is typicat. Prov 1 of 2 Next > Refer to the Wiki Art Gallery (WAG) Instructional case in Appendix D and read the case in sufficient depth to answer the following question 1. What inventory costing method(s) does Wiki Art Gallery (WAG) use for determining the cost of artwork purchased as individual pieces? WAG uses FIFO WAG uses Specific Identification WAG uses a combination of FIFO and Specific Identification. WAG uses a combination of Average Cost and Specific Identification, 2. What assumption is WAG making when accounting for the cost of artwork purchased in lots? WAG is assuming the first artwork purchased is the first artwork sold. WAG is assuming the last artwork purchased is the first artwork sold. WAG is assuming the pieces of artwork are interchangeable and do not vary in value: WAG is assuming the pieces of artwork are uniquely identifiable.