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on 1-15 of 15 Page 1 of 1 Question 1 (5 points From the following info. calculate the value of Ending Inventory in FIFO and

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on 1-15 of 15 Page 1 of 1 Question 1 (5 points From the following info. calculate the value of Ending Inventory in FIFO and Wighted Average Cost method Grounded to closest whole number) Details No. of Units Price per unit Beginning Inventory 180 $ 30 Feb 20 - Purchases 315 $ 29 145 $40 Apr 30 - Sold May 15 - Sold 225 $ 35 a b $ 3725 and 5 3725 resp none of the above $3670 and $ 3625resp. $3625 and $ 3670 resp. d Question 2 (1 point At the year-end Carpet & Company has shipped $5000 worth of merchandise goods on FOB Destination basis to Stark Company. These goods are still in transit at the end of the year. Since the goods are on th way to stark company. at the year end Stark company should include this $ 5000 in their closing stock. True False

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