Question 5 (1 point) Target Inc. has the following sales and purchase activity for the period. There beginning inventory is $2,000 and their ending inventory is $3,000. What is their gross profit? Purchase discounts $ 680 Purchase returns $ 10,000 Purchases 55,000 Sales 100,000 Freight in 4,000 Response in whole dollars, with no commas and no dollar signs. o 3 10 fo DC Question 2 (1 point) Smith Retail has the following purchases and sales for the period. Quantity Price Beginning inventory 500 $ 5.30 Purchases Jan 12 600 $ 6.64 Jan 26 160 $ 5.26 Sales Jan 18 370 $ 16.00 Jan 30 250 $ 16.00 What is the cost of Goods Sold for the period using perpetual LIFO method? Response rounded to whole numbers, without commas and without dollar signs. BE Question 4 (1 point) Smith Retail has the following purchases and sales for the period. Quantity Price Beginning inventory 500 $ 4.40 Purchases Jan 12 600 $ 5.70 Jan 26 160 $ 6.80 Sales Jan 18 370 $ 16.00 Jan 30 250 $ 16.00 What is the weighted average cost per unit after the purchase made on January 12th? Response rounded to two decimal places, without commas and without dollar signs. Your Answer: i Chp Question 3 (1 point) Smith Retail has the following purchases and sales for the period. Quantity Price Beginning inventory 500 $ 5.16 Purchases Jan 12 600 $ 5.78 Jan 26 160 $ 5.23 Sales Jan 18 370 $ 16.00 Jan 30 250 $ 16.00 What is the ending inventory for the period using perpetual LIFO method? Response rounded to whole numbers, without commas and without dollar signs O hp Smith Retail has the following purchases and sales for the period. Quantity Price Beginning inventory 500 $ 5.42 Purchases Jan 12 600 $ 5.52 Jan 26 160 $ 5.81 Sales Jan 18 370 $ 16.00 Jan 30 250 $ 16.00 What is the ending inventory for the period using FIFO method? Response ounded to whole numbers without commas and without dolle Your Answer a