O$276,000 $264,000 O $285,000 O $249,000 QUESTION 9 The inventory valuation method that identifies each item in ending inventory with a specific purchase and invoice is the 0 Weighted average inventory method. 0 First-in, first-out method. Last-in, first-out method. O Specific identification method. O Retail inventory method. QUESTION 10 Jefferson Company has sales of $300,000 and cost of goods available for sale of $270,000. If the gross profit ratio is typically 30%, the estimated cost of the ending inventory under the gross profit method would be: $60,000 $180,000 $30,000 $90,000 $120,000