Intermediate Accounting I

8 thru 11: Sechora Corp presented the following information regarding its 2020 inventory purchases:

8 thru 11: Sechora Corp presented the following information regarding its 2020 inventory purchases: Units Unit Cost Beginning inventory, 1/1/20 500 $10.00 Purchases: 3/5 600 10.50 7/12 400 11.00 10/18 550 12.00 12/22 250 12.92 1,500 units were sold. 8. If Sechora uses the weighted average method, how much would its ending inventory be? a) $8,880 b) $8,150 c) $9,830 d) $15,700 9. If Sechora uses the LIFO method, how much would cost of goods sold be? a) S8,150 b) $15.700 c) S16,650 d) $17,380 In addition to the above data, Sechora also presented the following inventory information: Selling price $13/unit Selling expense 3 Normal profit 4 Replacement cost 7.50 10. How much of a year-end adjustment to inventory will Sechora make, based on LCM LCNRV rules, if it uses the weighted average method? a) S2,880 b) $2,150 c) S880 d) 0 11. How much of a year-end adjustment to inventory will Sechora make, based on LCM LCNRV rules, if it uses the LIFO method? a) S2,880 b) $2,150 c) 3880 d) 0