Use the following to answer questions $15-17(2$ Marks Each$)$

CLP Company uses the periodic inventory method and had the following inventory

information available:

There are $900$ units in ending inventory at the end of the period.

Calculate the cost of Ending Inventory.

A$)$ $$22,500$

B$)$ $$20,700$

C$)$ $$21,900$

D$)$ $$41,250$

Calculate the cost of Goods Available for Sale $($GAFS$)$:

A$)$ $$38,000$

B$)$ $$15,000$

C$)$ $$26,500$

D$)$ $$27,000$

Calculate the Cost of Goods Sold $($COGS$)$:

A$)$ $$15,500$

B$)$ $$17,300$

C$)$ $$17,000$

D$)$ $$16,100$

Indicate whether the following should be Included $($I$)$ or Excluded $($E$)$ in inventory for Squire

Inc. at December $31($the company's year end$).(2$ Marks$)$

Goods sold and shipped by Squire to a customer, but still in transit $($FOB Shipping Point$)$ at

year end

include

E$)$ Exclude