My questions are SE7-12 and E7-8A

ventory Cambridge Business Publishers SE7-12. Errors in Inventory Count Bow Corp. accidentally overstated its 2019 ending inventory by $750. Assume that ending 2020 inventory is accurately counted. The error in 2019 will have what effect on Bow Corp.? 2019 net income is understated by $750. b. 2019 net income is overstated by $750. 2020 net income is understated by $750. d. Both b and c are correct. a. c. -SET A E7-1A. Profitability Analysis Shannon Enterprises reports the following information on its year-end in- come statement: $150,000 90,000 Operating expenses Other income 30,000 10,000 Net sales... Cost of goods sold REQUIRED Calculate Shannon's gross profit percentage and profit margin. Inst-in-Time Inventories Raymond Manufacturing Company uses the perpetual inventory s In orting $600,000 in manufacturing its products during the c T2A b. that are past the expiration date marked on the film's box. The films cost $1.65 each and are normally sold for $3.30. To clear out these old films, Viking will drop their selling price to $1.40. There are no related selling costs. Viking has five cameras in stock that have been used as demonstration models. The cameras cost $180 and normally sell for $280. Because these cameras are in used condition, Viking has set the selling price at $160 each. Expected selling costs are $10 per camera. New mod- els of the camera (on order) will cost Viking $200 and will be priced to sell at $320. E7-8A. Inventory Costing Methods The following information is for the Bloom Company for the cur- rent year; the company sells just one product: LO2 MBC Units Unit Cost Beginning inventory Purchases: Feb. 11 May 18 October 23 200 500 400 100 $10 14 16 20 At December 31 there was an ending inventory of 360 units. Assume the use of the periodic inven- tory method. Calculate the value of ending inventory and the cost of goods sold for the year using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost method. E7-9A. Inventory Costing Methods The following data are for the Evans Company, which sells just one product: LC MI Units Unit Cost 200 500 400 100 400 400 $10 14 16 20 Beginning inventory, January 1 Purchases: February 11 May 18 October 23