Question 3 Not complete Mark 0.00 out of 1.00 P Flag question Departures from Acquisition Cost At year-end, The Appliance Shop has a refrigerator that has been used as a demonstration model, The refrigerator costs $350 and sells for $500 when new. In its present condition, the refrigerator will be sold for $325. Related selling costs are an estimated $15. At what amount should the refrigerator be carried in inventory? $ 0 X Check Question 10 Not complete Mark 0.00 out of 6.00 Flag question Inventory Costing Methods The Lippert Company uses the periodic inventory system. The following July data are for an item in Lippert's inventory July 1 Beginning inventory 30 units @ $8 per unit 10 Purchased 50 units $9 per unit 15 Sold 60 units @ 26 Purchased 25 units @ $10 per unit, Calculate the cost of goods sold for July and ending inventory at July 31 using (a) first-in, first-out, (b) last-in, first-out and (c) the weighted average cost methods. Round your final answers to the nearest dollar. Cost of goods sold Ending inventory a FIFO $ 0 X $ OX b. LIFO $ 0X5 0 X Weighted average $ 0X5 OX Check