Hermione Co. reported the information shown in Table 5-1.

Table 5-1

	Units	Unit Cost	Total Cost	Units Sold
Beginning inventory (Jan. 1)	4	$400	$1,600
Sale (Mar. 1)				3
Purchase (Apr. 15)	4	405	1,620
Sale (June 22)				3
Purchase (Oct. 11)	2	425	850
Total Units in ending inventory	10 4		$4,070	6

10. Refer to Table 5-1. Assume that Hermione uses perpetual LIFO. The cost of the ending inventory is:

A. $1,700.

B. $1,670.

C. $1,655.

D. $1,600.

11. Refer to Table 5-1. Assume that Hermione uses perpetual weighted average costing. The average cost of a unit sold on June 22 is:

A. $400.

B. $402.50.

C. $404.

D. $405.

12. Refer to Table 5-1. Assume that Hermione uses perpetual FIFO. The entry to record the March 1 credit sale at a sale price of $800 per unit would include all of the following EXCEPT a:

A. credit to Inventory, $2,400.

B. debit to Cost of Goods Sold, $1,200.

C. debit to Accounts Receivable, $2,400.

D. credit to Sales Revenue, $2,400.

13. Refer to Table 5-1. Assume that Hermione uses periodic FIFO. The cost of goods sold for the period is:

A. $2,470.

B. $2.410.

C. $1,660.

D. $1,600.