QUESTION #1: Inventory records for Dunbar Incorporated revealed the following:

Dunbar sold 610 units of inventory during the month. Ending inventory assuming LIFO would be (Do not round your intermediate calculations. Round your answer to the nearest dollar amount):

a) $1,052

b) 407

c) 500

d) $856

QUESTION #2

Inventory records for Marvin Company revealed the following:

Marvin sold 1,930 units of inventory during the month. Cost of goods sold assuming FIFO would be (Do not round your intermediate calculations. Round your answer to the nearest dollar amount):

a) $14,444

b) 16,424

c) $15,601

d) $14,594

QUESTION #3

Consider the following inventory transactions for September.

For the month of September, the company sold 34 units. What is cost of goods sold under the weighted-average cost method? (Do not round your intermediate calculations. Round the weighted-average unit cost to four decimals if necessary. Round your answer to the nearest dollar amount.)

a) $88

b) $136

c) $98

d) $113

NumberUnit of Units Cost Transaction Apr. 20 Purchase 400