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please help Raptor Books has the following inventory schedule for its Financial Accounting textbooks. Use this inventory schedule to answer the following questions Date Quantity
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Raptor Books has the following inventory schedule for its Financial Accounting textbooks. Use this inventory schedule to answer the following questions Date Quantity Unit Cost Sale Price Beginning Inventory March 1 30 $80 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 U Question 1 If the company uses First-in, First-out (FIFO) to account for its inventory, what is the company's Cost of Goods Sold for the month? 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? U Question 3 If the company uses Last-in, First-out (LIFO) 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 $121/unit O $173/unit 0.5201/unit $210/unit $260/unitStep by Step Solution
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