Question 7 Bramble Bookstore had 550 units on hand at January 1, costing $9 each. Purchases and sales during the month of January were as follows: Purchases Date Jan. Sales 350 @ $14 14 250 @ $12 250 $10 270 $17 Bramble does not maintain perpetual inventory records. According to a physical count, 430 units were on hand at January 31. The cost of the inventory at January 31, under the LIFO method is: $5560. O $3870. $4300. $3440. Click if you would like to show Work for this question: Open Show Work Question 8 At May 1, 2020, Sheridan Company had beginning inventory consisting of 240 units with a unit cost of $5.40. During May, the company purchased inventory as follows: 740 units at $5.40 620 units at $7.00 The company sold 900 units during the month for $14 per unit. Sheridan uses the average cost method. The value of Sheridan's inventory at May 31, 2020 is $3010. $4214. $5177. $8187. Question 9 Marigold Company uses a periodic inventory system. Details for the inventory account for the month of January, 2020 are as follows: Units Per Unit Price Balance, 1/1/20 2 30 $6 Purchase, 1/15/20170 5.3 Purchase, 1/28/20 170 5.5 Total $1380 901 935 An end of the month (1/31/20) inventory showed that 200 units were on hand. If the company uses LIFO, what is the value of the ending inventory? O $1200 $1234 $1060 O $1094