QUESTION SIX Continued The following information relates to questions 12-14 below. Round off intermediate results to two decimal places and round off all final answers to the nearest whole number. Total 30 The activity for a specific inventory item for the month of March was as follows: Unit Cost Cost $25 $ 750 March 1 inventory Purchases: 120 March 5 3.000 March 10 2.800 March is 3.600 40 90 Available for sale 5.10.750 80 140 March 11 March 19 100 12. Using first-in, first-out (FIFO) what is the cost of goods sold (rounded to the nearest dollar) for March? a) b) c) d) $7.550. $8,000. $8.500 $9.600. 13. Using weighted average cost under a periodis inventory system, what is the cost o inventory (rounded to the nearest dollar) at March 31? a) b) c) d) $2,600, $2.688 $2.843. $3.200 Using weighted average cost under a perpetual inventory system, what is the cost of goo sold (rounded to the nearest dollar) on March 11? b) c) d) $4,353. $4.480. 94.057. $4,703. Systat Ltd holds 15% of the common shares of Welsch Ltd as a short term investr (FVTPL method). Welsch has just declared and paid a cash dividend of 0.10 per she all common shareholders. Which of the following item best describes the effect of event on the financial ratios of Systat? a) b) c) d) The accounts receivable turnover ratio will decrease. The acid-test ratio will increase. Earnings per share will increase. Both bande