Please answer all the questions

1. XYZ Company bought the following amounts of widgets in 20xx:

January 1 Beginning Inventory 1450 widgets @ $1.23 $1,783.50

January 4 Purchase 1800 widgets @ $1.27 $2,286

March 15 Purchase 2500 widgets @ $1.19 $2,975

May 16 Purchase 1500 widgets @ $1.34 $2,010

July 3 Purchase 1900 widgets @ $1.22 $2,318

August 31 Purchase 1350 widgets @ $1.25 $1,687.50

November 5 Purchase 3500 widgets @ $1.15 $4,025

Total 14,000 $17,085

XYZ Company sold 9800 widgets during the year. Calculate the ending inventory value using the LIFO method.

Group of answer choices

$5,200

$4,900

$5,125.50

$5,300

2. XYZ Company bought the following amounts of widgets in 20xx:

January 1 Beginning Inventory 1450 widgets @ $1.23 $1,783.50

January 4 Purchase 1800 widgets @ $1.27 $2,286

March 15 Purchase 2500 widgets @ $1.19 $2,975

May 16 Purchase 1500 widgets @ $1.34 $2,010

July 3 Purchase 1900 widgets @ $1.22 $2,318

August 31 Purchase 1350 widgets @ $1.25 $1,687.50

November 5 Purchase 3500 widgets @ $1.15 $4,025

Total 14,000 $17,085

XYZ Company sold 9800 widgets during the year. Calculate the ending inventory using the average cost method.

Group of answer choices

$5,125.50

$5,400

$5,200

$4900

3. Bed Bath and Beyond had net sales of $254,400 for the year. The beginning inventory at retail was $73,500, and the ending inventory at retail was $53,300.

What was the average inventory at retail?

Group of answer choices

$73,500

$53,000

$63,400

$126,800

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Question 85 pts

Bed Bath and Beyond had net sales of $254,400 for the year. The beginning inventory at retail was $73,500, and the ending inventory at retail was $53,300.

What was the inventory turnover rounded to the nearest tenth?

Group of answer choices

3.5 times

5.0 times

4.0 times

3.0 times

4. Lush Boutique had net sales of $420,500 for the year. The beginning inventory at retail was $86,000, and the ending inventory at retail was $68,000. What was the average inventory at retail?

Group of answer choices

$68,000

$81,000

$77,000

$86,000