Long Co I had the following information for the year ending December 31: Units Unit Cost 240 $35 Beginning inventory Purchase: April 6 370 Sale: May 4 Purchase 380 Sale: July 19 September 9 October 10 220 100 Purchase: 44 Long uses the perpetual inventory system and the FIFO method. Required: Using FIFO (a) Compute the cost of ending inventory. (b) Compute the cost of goods sold for the year. Cost of ending inventory Cost of goods sold so On December 31, 2017, $670,000 of 6% bonds were issued. The market interest rate at the time of issuance was 8%. The bonds pay interest on June 30 and December 31 and mature in 10 years. Required: Compute the selling price of a single $1,000 bond on December 31, 2017 Note: Round all intermediate calculations to three decimal places, and round your final answer to the nearest cent. 0 Selling price of bonds: x 5