Question: Help As soon as possible please, IN ACCOUNTING FORMAT: 12. If merchandise inventory is being valued at cost and the purchase price is steadily falling,

Help As soon as possible please, IN ACCOUNTING FORMAT:

12. If merchandise inventory is being valued at cost and the purchase price is steadily falling, which method of costing will yield the largest gross profit? A. average cost B. life C. D. weighted average E. None 13 Determine the Inventory er from following information: Beginning Inventor B.D $100,000 Ending inventorE.D- $120,000 Cost of goods sold COGS-$10,000,000 14. Use your finding from previous question: If the industry average for inventory tumover is 40, compare your inventory tumover to the industry average. Are you doing better than industry average Why or Why not

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