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Please Answer both questions 2. Castle TV, Incorporated purchased 1,100 monitors on January 5 at a per-unit cost of $105, and another 1,100 units on
Please Answer both questions
2. Castle TV, Incorporated purchased 1,100 monitors on January 5 at a per-unit cost of $105, and another 1,100 units on January 31 at a per-unit cost of $234. In the period from February 1 through year-end, the company sold 1,860 units of this product. At year-end, 340 units remained in inventory. Assume that Castle TV, Incorporated uses the LIFO flow assumption. The cost of the 340 units in the year-end inventory is: eBook Multiple Choice $35,700. $79.560. $115,260. $57,630. 4 During the current year, Carl Equipment Stores had net sales of $580 million, a cost of goods sold of $480 million, average accounts receivable of $68 million, and average inventory of $48 million. Carl Equipment's inventory turnover rate is: eBook Multiple Choice 10.0 times. 71 times. 1.2 times. a 12.0 timesStep by Step Solution
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