Question 1 10 Points The beginning inventory 3000 units at SR5 cost per unit, the purchases during the period was 4000 units at SR4 cost per unit, the ending inventory was 1000 units, then the cost of ending inventory using FIFO method A) SR 27,000 B SR 4000 C) None of the other answers D) SR 5000 o Question 2 10 Points The beginning inventory 3000 units at SR5 cost per unit, the purchases during the period was 4000 units at SR4 cost per unit, the ending inventory was 2000 units, then the cost of goods sold using FIFO method A) Sr 10000 (B) None of the other answers C) SR 23,000 D) SR 8000 Question 3 10 Points The beginning inventory 3000 units at SR4 cost per unit, the purchases during the period was 5000 units at SR6 cost per unit, the ending inventory was 2000 units, then the cost of ending inventory using the average cost method A) SR 31,500 B) None of the other answers C) SR 42,000 D) SR 10500 Question 4 10 Points The beginning inventory 3000 units at SR4 cost per unit, the purchases during the period was 5000 units at SR6 cost per unit, the ending inventory was 2000 units, then the cost of goods sold using the average cost method A) SR 31,500 B) None of the other answers C) SR 42,000 D) SR 10,500 Question 5 10 Points If the Sales is $500,000, the beginning inventory is $50,000, the purchases are $340,000, the operating expenses is $60,000, and the cost of ending inventory is $50,000 while the market value (NRV) is 40,000, then the cost of goods sold is A) 340,000 B) 350,000 C) 430,000 D) None of the other answers