USE THE FOLLOWMNG INFORMATION TO ANSWER QUESTIONS $34-37$

The Hester Corporation, a diversified distribution company, purchases cartons of canned golf balls from the LongDistance Company and markets the balls under the Hester brand name. Hester started operations on January $1,2023.$ In the table below, Quarter $1$ represents the time period from January $1,2023$ to March $31,2023$ and Quarter $2$ represents the time period from April $1,2023$ to June $30,2023.$ Hester began operations on January $1,2023$ with no inventory.

Purchases and sales data for Hester's first two quarters of business are shown below:

Ouarter $1$

Sales

Purchases

Ouarter $2$

Sales

Purchases

January

February

March

$80,000$ cartons $at$ $$8\mathrm{.}00$ per carton

$20,000$ cartons $at$ $$5\mathrm{.}00$

$35,000$ cartons $at$ $$5\mathrm{.}20$

$40,000$ cartons $at$ $$5\mathrm{.}40$

$167\mathrm{.}000$ cartons at $$9\mathrm{.}00$ per carton

$47\mathrm{.}000$ cartons $at$ $$5\mathrm{.}60$

$50\mathrm{.}000$ curtons $at$ $$5\mathrm{.}80$

$$0,000$ cartons at $$6\mathrm{.}00$

$34.$ Calculate the Quarter $2$ ending inventories $($in dollars$)$ using the LFO inventory valuation method.

$35.$ Calculate Quarter $2$ GROSS PRORIT using the LIFO inventory valuation method.

$36.$ Calculate the Quarter $2$ ending inventones $($in dollars$)$ using the FIFO inventory valuation method.

$37.$ Calculate Quarter $2$ GROSS PROFIT using the FIFO inventory valuation method.

Part III: Open Ended Math Review Problems

Instructions: For each of the algebra problems below, rownd your answer to $2$ decimal places and record your answer on D$2$L without $($if applicable$)$ a conma. Thus, enter $3\mathrm{.}24765$ as $3\mathrm{.}25$ or $\mathrm{.}18763$ as $0\mathrm{.}19$ or $3\mathrm{.}214\mathrm{.}842876$ as $321485.$

$38.$ Given the following ratio relationships:

$\frac{D}{A}=56\mathrm{.}4\%$

$\frac{N}{E}=18\mathrm{.}8\%$

$D+E=A$

What is N$/$A$?($Record your answer as a percent, rounded to $1$ decimal place$).$

Given the following ratio relationships:

$\frac{D}{A}=41\mathrm{.}8\%$

$A-D=E$

What is D$/$E$?($Record your answer as a whole number rounded to $2$ decimal places$).$

Given the following ratio relationships:

$\frac{D}{A}=84\mathrm{.}2\%$

$\frac{N}{A}=5\mathrm{.}9\%$

$A=D+E$

What is N$/$E$?($Record your answer to a percent, rounded to $1$ decimal place$).$

$7$