Question 1 of 45 View Policies Current Attempt in Progress A manufacturing company typically maintains the following inventory account(s); O Merchandise Inventory. O Raw Materials and Work in Process only. O Raw Materials, Work in Process, and Finished Goods. O Work in Process and Merchandise Inventory. Question 2 of 45 -/15 View Policies Current Attempt in Progress For last month, Mingi Corp's cost of goods sold and ending inventory were $200,000 and $300,000 respectively. Assuming Mingi had neither purchases nor returns during the month, what was the cost of its beginning Inventory? O $100,000 $300,000 O $500,000 Cannot be determined from the information given Question 3 of 45 -/1 E View Policies Current Attempt in Progress On January 1, 2020, the merchandise inventory of Shoesmith Corp, was $600,000. During 2020, Shoesmith purchased $1,150,000 of merchandise and recorded sales of $1,350,000. The gross proftrate on these sales was 35%. What is the estimated dollar value of the inventory at December 317 $877.500 $872.500 $562.500 54795 -/1 Question 4 of 45 View Policies Current Attempt In Progress On April 15 of the current year, a fire destroyed the entire Inventory of Nourish, a retail store. The following data are available: Sales, January 1 through April 15 Inventory, January 1 60,000 Purchases, January 1 through April 15 Markup on cost $473,000 372.000 25% The amount of the inventory loss is estimated to be $327.000 $67.000 $159.250 553.600 Question 5 of 45