Problem 7: Kyota Distribution markets CDs of the performing artists. Following information is available for the company. Date Explanation Units Unit cost Total Cost 1st of March Beginning 15,00 SR 7 SR 10500 2012 inventory 5th March Purchases 3,000 SR 8 24,000 13th March Purchases 5,500 SR 9 49,500 21st march Purchases 4,000 SR10 40,000 March 26 Purchases 2,000 SR 11 22,000 Total 16,000 135,500 Requirement: Ending inventory of the company is 12,500 units. Find the Costs of goods sold for the company through FIFO, LIFO and Average method. Problem 8: Tinker Bell Company has the following| Unit Unit cost Inventory January 1, 2011 8,000 SR 11 Purchase June 19th, 2011 13000 SR 12 Purchase November, 18th 5000 SR 13 2011 Requirements: If the tinker company has 9,000 units on hand at December 31st 2011, Find the value of cost of goods sold through FIFO, LIFO and Average method and total cost of ending inventory as well. Problem 9: Following information is available for the company. Date Explanation Units Unit cost Total Cost 1st of March Beginning 15,00 SR 7 SR 10500 2012 inventory 5th March Purchases 3,000 SR 8 24,000 13th March Purchases 5,500 SR 9 49,500 21st march Purchases 4,000 SR10 40,000 March 26 Purchases 2,000 SR 11 22,000 Total 16,000 135,500 Requirement: Total units the company sold are 1200. Find the Costs of goods sold for the company through FIFO, LIFO and Average method