genow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Calculator The following lots of a particular commodity were available for sale during the year Beginning inventory 8 units at $52 First purchase 18 units at $50 Second purchase 20 units at $22 Third purchase 18 units at $61 The firm uses the periodic system, and there are 26 units of the commodity on hand at the end of the year. What is the ending inventory balance at the end of the year rounded to nearest dollar according to the average cost method? Do not round intermediate calculations. 5S SS a. $1,316 b. $1,274 c. $1,352 d. $1,159 Check My Work Previous Next now.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Calculator The Boxwood Company sells blankets for $35 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1. Date Blankets Units Cost May 3 Purchase 10 Sale 17 Purchase $16 20 Sale 23 Sale 30 Purchase Assuming that the company uses the perpetual Inventory system, determine the cost of goods sold for the sale of May 20 using the FIFO inventory cost method. a. $212 b. $116 c. $124 d. $184 Previous Vous Check My Work Next col