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PLEASE HELP ME Raptor Books has the following inventory schedule for its Financial Accounting textbooks. Use this inventory schedule to answer the following questions Date
PLEASE HELP ME
Raptor Books has the following inventory schedule for its Financial Accounting textbooks. Use this inventory schedule to answer the following questions Date Quantity Unit Cast Sale Price Beginning Inventory March 1 30 $90 Purchase March 5 35 $90 Sale March 10 45 $160 Purchase March 17 30 $95 Purchase March 22 40 $98 Sale March 26 45 $165 Question 1 If the company uses First-in, Fest-out (FIFO) to account for its inventory. what is the company's cost of Goods Sold for the month? D Question 2 If the company uses First-In, First-out (FIFO) to account for its inventory, what is the company's Ending Inventory balance in $) for the month? D Question 3 If the company uses Last-in, First-out (LIFOI to account for its inventory, what is the company's Cost of Goods Sold for the month? D Question 4 If the company uses Last-in. First-out (LIFO) to account for its inventory. what is the company's Ending Inventory balance in $) for the month? Question 5 Raptor Games has the following inventory schedule for its Nintendo Switch consoles: Date Quantity Unit Cost Sale Price Beginning Inventory March 1 40 $190 Purchase March 2 30 $170 Sale March 3 50 $270 Purchase March 10 25 $165 Purchase March 12 35 $160 Sale March 20 45 $250 Given the above inventory schedule, what is the weighted average cost of the inventory as of the end of the month, rounded to the nearest dollar. $167/unit 5171/unit O 5173/unit O $201/unit $210/unit 5260/unitStep by Step Solution
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