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Use this information to answer the next 5 questions. Velor Company started the business in year 2019 with 100 units of inventory costing $10 per
Use this information to answer the next 5 questions. Velor Company started the business in year 2019 with 100 units of inventory costing $10 per unit. During 2019 the summary transactions listed below affected Velor's Inventory. Unit Cost Price 1/1 BB 100 units 4/30 Purchases 80 units $10 $11 $14 9/20 Purchases 350 units $1,000 $880 $4,900 $6,000 $850 5/10 Sales 400 units $15 11/15 Sales 50 units $17 Ending inventory (physical count) 80 units Question 5 2 pts Find total goods available for sale during 2019. Units Question 6 2 pts Assuming a periodic inventory system, calculate the value of ending inventory under the LIFO method. ide Question 7 Assuming a periodic inventory system, calculate the value of ending inventory under the FIFO method. Question 8 2 pts Assuming a periodic inventory system, calculate the value of ending inventory under the value of ending inventory under the Average Cost method? Round all calculations to the nearest penny. Question 9 1 pts Suppose that Velor uses the periodic LIFO method. How much will the company disclose as its LIFO reserve at the end of 2019
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