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no need to explain Question6of10 -/3 '5 View Policies Current Attempt in Progress Vaughn has the following inventory data: Nov. 1 Inventory 31 units @

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Question6of10 -/3 '5 View Policies Current Attempt in Progress Vaughn has the following inventory data: Nov. 1 Inventory 31 units @ $6.10 each 8 Purchase 122 units @ $6.60 each 17 Purchase 61 units @ $6.45 each 25 Purchase 92 units @ $6.70 each A physical count of merchandise inventory on November 30 reveals that there are 102 units on hand. Ending inventory under Fl F0 is 0 $1323. 0 $1346. 0 $658. 0 $681. Question 7 of 10 View Policies V Current Attempt in Progress Pharoahs has the following inventory data: Nov. 1 Inventory 8 Purchase 17 Purchase 25 Purchase 37 units @ $7.40 each 149 units @ $8.00 each 74 units @ $7.80 each 112 units @ $8.20 each -/3 1 : : A physical count of merchandise inventory on November 30 reveals that there are 124 units on hand. Cost of goods sold under LIFO IS 0 $970. 0 $1992. 0 $1949. 0 $1012. Question 8 of 10 _ / 3 View Policies Current Attempt in Progress Kingbird, Inc. had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1. 2022 Purchase 123 $5 1 Mar. 14, 2022 Purchase 212 $54 May 1, 2022 Purchase 150 $56 The company sold 349 units at $72 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, and operating expenses of $2052, what is the company's after-tax income using LIFO? 0 $2751.00 0 $4571.00 0 $3199.70 0 $3930.00 Question 9 of 10 - l 3 View Policies Current Attempt in Progress At May 1,2022, Novak Corp. had beginning inventory consisting of 370 units with a unit cost of $9. During May. the company purchased inventory as follows: - 730 units at $9 - 1100 units at $10 The company sold 1830 units during the month for $15 per unit. Novak Corp. uses the average cost method. The value of Novak Corp.'s inventory at May 3 1, 2022 is (Round average cost per unit to 2 decimal places, 8.3. 12.52.) 0 $3515. 0 $3330. 0 $20900. 0 $3700. Question100f10 -/3 E View Policies Current Attempt in Progress The manager of Metlock is given a bonus based on net income before taxes. The net income after taxes is $53490 for FIFO and $44600 for LIFO. The tax rate is 30%. The bonus rate is 20%. How much higher is the manager's bonus if FIFO is adopted instead of LIFO? O $12700 0 $2540 0 $8890 0 $17780

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