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QUESTION 1 Assume Emma Co has the following purchases of inventory during the first month of operations Number of Cost per Units unit First Purchase

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QUESTION 1 Assume Emma Co has the following purchases of inventory during the first month of operations Number of Cost per Units unit First Purchase 55 3.2 Second Purchase 96 Assuming Emma Co sells 80 units at $13 each, what is her cost of goods sold if they use FIFO? Assume Ava Co. has the following purchases of inventory during the first month of operations Number of Units unit First Purchase 160 3.9 Second Purchase 95 3.3 Cost per Assuming Ava Co sells 140 units at $14 each, what is the cost of goods sold if they use LIFO? QUESTION 4 Cost per Assume Ava Co has the following purchases of inventory during the first month of operations Number of Units unit First Purchase 213 3.7 Second Purchase 191 3.3 Assuming Ava sells 278 units at $11 each, what is the value of their ending inventory if they use LIFO? QUESTION 5 Assume Hadley Co has the following purchases of inventory during the first month of operations Number of Cost per Units unit First Purchase 386 Second Purchase 181 4.6 3.5 Assuming Hadley sells 307 units at $11 each, what is cost of goods if they use weighted average

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