Morris (v ny had the following information for the year ending December 31: Units Unit Cost Beginning inventory 200 $40 Purchase: April 6 Sale: May 4 Purchase: July 19 Sale: September 9 470 120 Purchase: October 10 Morris 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, $ 730,000 of 12% bonds were issued. The market interest rate at the time of issuance was 14%. The bonds pay interest on June 30 and December 31 and mature in 8 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