Use the following to answer questions 1-6 Case 1 Beginning inventory $45,000 Ending inventory 7 Purchases 468,500 Cost of goods sold 498,200 Case 2 $30,000 22,000 2 654,100 Case 3 $78,000 65,000 665,700 7 Case 4 ? 82.000 702,500 694,700 1. $ 2. $ 3. $ For case 1, determine goods available for sale _For case 1, determine ending inventory For case 2, determine goods available for sale For case 2, determine Purchases For case 3, determine cost of goods sold For case 4, determine beginning inventory 4. $ 5. $ 6. $. Use the following to answer questions 7 - 17 During September, the company sells 960 watches for $239.75 each. The company has the following inventory purchase transactions for September: Date Transaction of Units Unit cost Total Cost 1-Sep Beginning Inventory 100 $157,00 $15,700 4-Sep Purchase 550 $161.00 88,550 24-Sep Purchase 350 $162.00 56,700 1,000 $160,950 7. $ What were company's sales for the period? For questions 8 - 10 assume the company uses First-in, First-out (FIFO) inventory valuation. 8. S 9. $ Calculate ending inventory (FIFO) Calculate cost of goods sold (FIFO) 10. Calculate gross profit (FIFO)