Question: need to complete the excel Format 8 D Graded HW-Ch6 J L Part IMultiple Choice--highlight/bold/box in, or otherwise indicated your selection of the correct answer.

Format 8 D Graded HW-Ch6 J L Part IMultiple Choice--highlight/bold/box in, or otherwise indicated your selection of the correct answer. 1) The factor which determines whether or not goods should be included in a physical count of inventory a) physical possession b) legal title c management's judgment 8 d) whether or not the purchase price has been paid. 9 10 2) If goods in transitare shipped FOB destination 11 a) the seller has legalite to the goods until they are delivered 12 b) the buyer has legal title to the goods until they are delivered 13 c) the transportation company has legal title to the goods while they are in transit 14 d no one has legal title to the goods until they are delivered 15 16 3) in periods of rising prices, which inventory costing assumption method will give you the highest ending Inventory value? 17 a) LIFO 18 b) Average Cost 19 G Gross Profit 20 d) FIFO 21 98XNXXN 23 Part Il-Problem 24 Sean Company sells product XKF, its of product 25 The company uses a periodic inventory system and reports the following for the month of September 26 Date Activity Units Unit Cost 27 1-Sep Begin 1005 5.00 28 10-Sep Purchases 320 $5.00 29 16-Sep Purchases 2405 8.00 30 27 Sep Purchases 160$ 9.00 31 Test Cordone Formatting Former as Table Symbol Autosum Filter Sort Format 0 P. During the month of September Sean Cosold 640 W QUANTITY ot ending wentory was on had at September 2017 More Theme you en VALUE was ending story Como me value of Ending inventory on the balance sheet and the cost of Goods reported in September's come statement under each cost towuption Show your work for partial credit FIFO UFO drage Cout HINT What you come your calculations above, go back and double check your answer Did your calculations in Partprove out if not fint out and it 66
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