From the given information find the ending inventory using the FIFO method inventory valuation. 1st February 2018 Beginning Inventory is 100 units @ 50 2nd July 2018 purchased 200 units@100 8th July 2018 purchased300 units@200 Inventory sold450 units@400 a. $15,000 b. $10,000 c. $30,000 d. $20,500 Darwin Co purchased material from Sandy Co for $10,000 on account on 29th june 2020 , credit terms 2/10,n30. FOB Destination OMR 200. Darwin returns material of value $2,000 on 4th July 2020 and pays the amount due on 5th July 2020 . How much would Darwin pay for the material? Which of the following is correct? a. If Cost of Goods Sold is overstated, then Gross Margin is understated b. If Cost of Goods Sold is understated, then Gross Margin is understated. c. If Cost of Goods Sold is understated, then Gross Margin is overstated. d. If Cost of Goods Sold is overstated, then Gross Margin is overstated. Zen Inc purchased material from Kin Company for $20,000 on account on 10th April 2019, credit terms 2/10, n30. FOB Shipping $100. How much Zen Inc would have paid in total by 25th April 2019? a. $19,900& Shipping Cost b. Only $20,000 c. Only $19,900 d. $20,000& Shipping Cost Mohsin Haider Darwish purchased material from Khimji Ramdas for 60,000 OMR on account on 1st june 2020 , credit terms 2/10,n30.FOB Destination OMR 200 a. 2 is discount percentage and 10 represents number of days available for discount. Mohsin Haider Darwish pays transportation. b. 10 is discount percentage and 2 represents number of days available for discount. Khimji pays transportation c. 10 is discount percentage and 2 represents number of days available for discount. Mohsin Haider Darwish pays transportation Find the cost of the ending; inventory using the Weighted Average Cost Method. 1st July 2018 Beginning Inventory is 200 units @ 100 2nd July 2018 purchased 400 units @ 150 8th July 2018 purchased 100 units @ 200 During the month number of units sold is 500@$500. a. $15,540.45 b. $28,571.42 c. $18,252.78 d. $20,522.50