D Question 7 5 pts Which of the following should be included in the physical inventory count of a company? Select all correct answers. Goods held on consignment from another company. Goods in transit purchased from another company shipped FOB Shipping point. Goods in transit sold and shipped FOB Destination to another company. Question 8 10 pts NOVA Company provided the following inventory information for the year. Unit Total Units Cost Cost 1/1 Beginning Inventory 1/20 Purchase 100 $2 42 $200 400 $3 $1,200 7/25 Purchase 200 $4 $800 10/20 Purchase 300 $5 $1,500 1000 $3,700 A physical count of inventory on December 31 revealed that there were 300 units on hand. NOVA Company uses the FIFO method. What is the value of the ending inventory at December 31? Do not include dollar signs or commas in your answer. The system will insert a comma if necessary. Question 9 NOVA Sports Inc. has the following data for inventory for June: Unit Total Units Cost Cost June Beginning 30 $18 $540 1 inventory June Purchases 25 $20 $500 14 June Purchases 45 $22 $990 23 100 $2,030 Records show that 90 units were sold in June. The company uses the average cost method. What is the value of ending inventory as of June 30? (Round the weighted-average unit cost to three decimal places [e.g. 21.041]. Round your answer to two decimal places (e.g. 21.04]. Do not include dollar signs or commas in your answer.) 5 pts D Question 10 NOVA BOOKS sells books, backpacks, and shirts. The following information is presented as of December 31. Inventory Item Cost per Net realizable Units unit value per unit Books 2,000 $60.00 $55.00 Backpacks 200 $24.00 $25.00 Shirts 1,000 $15.00 $11.00 6 pts Apply the lower-of-cost-or-net-realizable-value rule to each item. What is NOVA BOOKS' total ending inventory balance? Do not include dollar signs or commas in your answer. The system will insert a comma if necessary