Use the Following Information to Answer the Questions Below The SF Giant Corp Sells Hats Using a Periodic Inventory Costing system 1. On March 1, The SFG Corp Bought 600 Hats at $10 each. 2. On March 10, The SFG Corp Bought 400 Hats at $12 each. 3. On March 15, The SFG Corp Bought 400 Hats at $15 each 4. On March 20, The SFG Corp Bought 600 Hats at $16 each. 5. On March 31, The SFG Corp Counted 500 Hats remaining in Inventory 6. Assume that All Hats that were Sold, Sold for $40 Each for Cash.

-Compute the Dollar Value of the Cost of Goods Sold using the FIFO Method

-Compute the Dollar Value of the Cost of Goods Sold using the Weighted Average Method

-Compute the Dollar Value of the Ending Inventory using the LIFO Method

-Compute the Dollar Value of the Ending Inventory using the FIFO Method

-Compute the Gross Profit Using the FIFO Method

-Compute the Gross Profit Using the Weighted Average Method

-Which Method Would be the Best to Use to Obtain a Loan with the Bank, Using the Info from this Problem

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Under what Circumstances would the "Cost of Goods Sold" be computed to be the same dollar value under all Four "Inventory Costing Methods" ?

Group of answer choices

When the Gross Profit Percent is Greater than 100%

When Sales Discounts are Given

When All Inventory has the Same Sale Price

When the Periodic Method of Inventory is Used

When All Inventory is Sold

When All Inventory has the same Cost