The following information is available for Dilshant Inc. for last year Freight-in $ 20,000 Purchase returns 62,000 Selling expenses 110,000 Ending inventory 310,000 If the cost of goods sold is equal to 300% of selling expenses, what was the cost of goods available for sale? a b c d. $390,000 $420,000 $640,000 $750,000 8. Ann Corp. has been using the weighted average method of inventory valuation. Its 2020 ending inventory was $28,000, but it would have been $70,000 if FIFO had been used. If FIFO had been used, Ann's income before income taxes would have been a $42.000 less over the ten-year period. b. $42,000 greater over the ten-year period. C. $42,000 greater in 2020 d. $42,000 less in 2020 9. The 2020 financial statements of Felix Ltd. reported beginning inventory of $280,000, ending inventory of $390,000, and cost of goods sold of $1,600,000 for the year. To one decimal, Felix's inventory turnover ratio for 2020 is a 0.5 times. 4.5 times. C. 4.9 times. 5.0 times