Question 1 Not complete Marked out of 2.00 Flag question Lower-of-Cost-or-Net Realizable Value Method The Claremont Company's ending inventory is composed of 50 units that had cost 520 each and 100 units that had cost $15 each. If all 150 units have an NRV of 516 each, what value should be assigned to the company's ending inventory assuming that it applies lower-of-cost or net realizable value on a group wise basis? Next Save Answers E BusinessLouise Question 2 Not complete Marked out of 2.00 P Flag question Inventory Turnover and Days' Sales in Inventory W. Glass & Company reported the following information in its recent annual report: 2018 2019 Cost of goods sold $4,000,000 $4,600,000 Beginning inventory 880,000 860,000 Ending inventory 8 60,000 760,000 Calculate the company's inventory turnover and days' sales in inventory for both years. Round answers to two decimal places. Use rounded answers for subsequent calculations. 2018 2019 Inventory turnover Days' sales in inventory Check Previous Save Answers Questions Not complete Marked out of 2.00 P Hag question Inventory Costing Methods and the Periodic Method Kay & Company experienced the following events in March: Date Event Units Unit Cost Total Cost Mar 11 Purchased inventory 100 $1.600 Mar 3 Sold inventory 60 Mar 15 Purchased inventory 100 e Mar 20 Sold inventory if Kay & Company uses the weighted average cost method, calculate the company's cost of goods sold and ending inventory as of March 31 assuming the periodic method. (Round answer to two decimal places, if needed.) Weighted average cost per units Cost of goods sold Ending inventory Check