Return on Sales Bomont Co's sales rose 10 over prior year sales of $250,000: however net income, increased by only 2 over the prior year's net income, if Bomont's prior year return on sales ratio was 22%, what is the current year return on sales Round answer to one decimal place) Current Year Return on Sales Ratio Check Previous Save Answers Net Inventory Costing Methods-Periodic Method Merritt Company uses the periodic inventory system. The following May data are for an item in Merritt's inventory: 534 per unit 539 per unit May 1 Beginning inventory 450 units 12 Purchased 400 units 16 Sold 480 units 24 Purchased 460 units @ $40 per unit Calculate the cost of goods sold for May and ending inventory at May 31 using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted average cost methods. Do not round until your final answers. Round your final answers to the nearest dollar. A First-in, First-out Ending Inventory Cost of Goods Sold: B. Last-in, first-out Ending Inventory Cost of Goods Sold: C Weighted average cost Ending Inventory Cost of Goods Sold Check