Question 6 Marigold Bookstore had 550 units on hand at January 1, costing $8 each. Purchases and sales during the month of January were as follows: Purchases Date Jan. Sales 410 @ $14 14 290 @ $10 290 @ $11 250 @ $15 Marigold does not maintain perpetual inventory records. According to a physical count, 470 units were on hand at January 31. The cost of the inventory at January 31, under the FIFO method is: $3760. $4990. $5170. $4700. Click if you would like to Show Work for this question: Open Show Work Question 5 In 2018, Rondelli Company had net sales of $650,000 and cost of goods sold of $455,000. Operating expenses were $150,000, and interest expense was $10,000. Rondelli prepares a multiple-step income statement Compute Rondelli's gross profit. Gross profits Compute the gross profit rate. Gross profit rate. What is Rondelli's income from operations and net income? Income from operations Net income If Rondelli prepared a single-step income statement, what amount would it report for net income? Net Incomes Click if you would like to show Work for this question: Open Show Work