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fnu.blackboard.com Exercise Content X Question 1 2 Points Beginning inventory, purchases, and sales for Item MMM8 are as follows: November 1 Inventory 107 15 9 Sale 92 16 Purchase 126 0 25 Sale 75 Assuming a perpetual inventory system and using the Last-in, first-out (FIFO) method, determine the inventory value on November 30. Add your answer Question 2 2 Points Beginning inventory, purchases, and sales for Item CSW15 are as follows: August 1 Inventory 109 15 9 Sale 92 16 Purchase 132 27 25 Sale 76 Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine the inventory value on August 31. Add your answer Question 3 2 Points Three identical units of Item K113 are purchased during July, as shown below. Item K113 Units Cost July 9 Purchase 1 152 17 Purchase 1 175 26 Purchase 1 193 Assume that one unit is sold on July 31 for $228, Determine the gross profit for july using the average cost method. (Round to nearest full dollar)