QUESTION 7 This fact pattern provides information needed for 087-0011. This problem includes the perpetual and periodic inventory systems in connection with FIFO, LIFO and weighted average methods. The basic data are presented below for three years: Year 3 Years. There were 50 units each costing 511 per unit in the beginning Inventory at the start of Year 3. Year 3 Year 4 Year 5 Purchases Feb. 60@$13 Mar. 906 $16 Jan. 900519 Apr. 50@512 May 80@515 Aug. 1000518 Sep. 700$14 Dec. 50517 Oct. 800520 Sales Jan. 40@$22 Feb. 30@$25 Mar. 900528 Mar. 600523 Jul 70@526 Nov. 900529 Oct. 90$24 Nov. 80@527 Dec 1000530 Sales figures for Year 3-Year S are $4,420, 54,730 and 58,130. Purchases for the same three years, respectively, are 32.360, 53,490 and $5,110. Q#7: Determine periodic Fifo Cost of Goods Sold for Year 4. QUESTION 8 Q#8: Determine periodic LIFO Ending Inventory (El for Year 4 as it would appear in the financial statements. Question Completion Status: QUESTION 9 Q#9: Determine perpetual LIFO Ending Inventory [En for Year 3 as it would appear in the financial statements. QUESTION 10 When doing calculations, round any decimals to the one hundredths (01) place. Enter answers in whole numbers rounded to the nearest dollar. Q#10: Determine weighted average cost of Goods Sold (CGS) for Year 3. QUESTION 11 When doing calculations, round any decimals to the one hundredths (01) place. Enter answers in whole numbers rounded to the Q#11: Determine welghted average cost of Goods Sold CGS) for Year 4. nearest dollar. QUESTION 12