Question: Please answer both, these are practice problems. Marigold Corp. has the following inventory data: July 1 Beginning inventory 7 Purchases 22 Purchases 44 units at

Please answer both, these are practice problems.

Marigold Corp. has the following inventory data: July 1 Beginning inventory 7 Purchases 22 Purchases 44 units at $22 110 units at $25 26 units at $28 $968 2750 728 $4446 A physical count of merchandise inventory on July 30 reveals that there are 46 units on hand. Using the average cost method, the value of ending Inventory is $1150 O $1136 $1288 $1228 Marigold Corp. has the following inventory data: July 1 Beginning inventory 2 Purchases 22 Purchases 18 units at $19 63 units at $20 9 units at $22 $342 1260 198 $1800 A physical count of merchandise inventory on July 30 reveals that there are 30 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for July is @ 3582 O $618, $600. $660

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