theres a total of three questions

Murdock Industries uses a periodic inventory system and the LIFO retail method to estimate its ending inventories. The following data has been summarized for December 31, 2021 Cost $108,000 349,572 Inventory, January 1 Purchases Net markups Net markdowns Net salek Retail $157,eee 536, eee 13,800 8,000 514,000 Required: Estimate the LIFO cost of ending inventory. Assume stable retail prices during the period. (Do not round your "Cost-to-retail percentage" and round your final answer to the nearest whole number.) Estimated ending inventory Slinky Company purchased merchandise on June 10, 2021, at a price of $34,000, subject to credit terms of 3/10,n/30. Slinky uses the net method for recording purchases and uses a perpetual Inventory system Required: 1. Prepare the journal entry to record the purchase. 2. & 3. Prepare the journal entries to record the appropriate payment if the entire invoice is paid on June 18, 2021 and July 8, 2021. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 Prepare the journal entry to record the purchase. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record the purchase of merchandise subject to credit terms 3/10, n/30. 3:38 Note: Enter debits before credits. General Journal Debit Credit Date June 10, 2021 Journal entry Worksheet Record the payment on June 18, 2021. Note: Enter debits before credits. General Journal Debit Credit Date June 18, 2021 Record entry Clear entry View general Journal Check my w Novelli's Nursery has developed the following data in order to calculate the lower of cost or net realizable value for its products. The individual products are listed within the categories of trees. Selling Price Cost $1,980 2,470 $1,880 1,780 Broad leaf trees: Ash Beech Needle leaf trees: Cedar Fir Fruit trees: Apple Cherry $2,860 3,150 $1,930 3,530 $1,980 2,570 $1,589 1,980 The costs to sell are 10% of selling price. Required: Determine the reported inventory value assuming the lower of cost or net realizable value rule is applied to individual trees. Product Cost NRV Lower of Cost or NRV Ash Beech Cedar Fir Apple Cherry Inventory value