return Intermediate Financial Reporting 1 Sample Exam Questions 15mins. 3. Jasleen Inc. has recently switched from FIFO to WA in recording inventory transactions. In the month of July she had the following transactions Day in July Units 5 8 14 17 29 Transaction Purchase Purchase Sale Purchase Sale Purchase Cost $32.00 $34.50 100 75 45 50 164 44 $33.80 The CEO has approached Jasleen and asked to calculate $31.30 a) What is the number of units in ending inventory (1 mark) b) FIFO Inventory (nearest dollar) using the periodic method (3 marks) c) Weighted Average Inventory (nearest dollar) and Cost per unit (to one decimal) using the periodic model (3 marks) 15 mins