Question 6 0.5 pts On May 18, 2019, Yoda Inc. sells 10 lightsabers on account for $260 each to Skywalker Corp. Yoda Inc. had purchased the lightsabers for a total of $1,200. On May 20, 2019, Skywalker returns 1 lightsaber. Skywalker pays Yoda Inc for the lightsabers on May 29. What is the amount of Skywalker's payment to Yoda on May 29? Question 7 0.5 pts Anakin's Automotive Parts has the following information related to its inventory for the month of July: Quantity Price/Unit 30 $16.25 Date Beginning Inventory July. 8 Purchase July. 16 Purchase July. 25 Purchase $21.50 $13.70 11 $34.20 During July, Anakin sold 57 units of inventory for $41.50 each. Anakin uses the FIFO cost flow assumption for its inventory. What would Anakin report as it's Cost of Goods Sold for July? Question 8 0.5 pts Anakin's Automotive Parts has the following information related to its inventory for the month of July: Quantity Price/Unit $16.25 Date Beginning Inventory July 8 Purchase July 16 Purchase July 25 Purchase $21.50 $13.70 $34.20 During July, Anakin sold 57 units of inventory for $41.50 each. Anakin uses the FIFO cost flow assumption for its inventory. What would Anakin report as it's Ending Inventory for July? Question 9 0.5 pts Anakin's Automotive Parts has the following information related to its inventory for the month of July: Date Quantity Price/Unit 30 $16.25 16 $21.50 Beginning Inventory July. 8 Purchase July 16 Purchase July, 25 Purchase 24 $13.70 11 $34.20 During July, Anakin sold 57 units of inventory for $41.50 each. Anakin uses the FIFO cost flow assumption for its inventory. What would Anakin report as it's Gross Profit for July? Question 10 0.5 pts Calculate net sales: $74,500 $112,800 Cost of goods sold Sales revenue Operating expenses Sales returns $23,600 $4,600 Sales $6,700 discounts Inventory purchases $80,530