Question: Question 2 072 pts Use the following information to answer the next 4 questions. Monsoon Company has a beginning balance in inventory of 400 units

 Question 2 072 pts Use the following information to answer thenext 4 questions. Monsoon Company has a beginning balance in inventory of

Question 2 072 pts Use the following information to answer the next 4 questions. Monsoon Company has a beginning balance in inventory of 400 units at @ $4.20 per unit. A record of transactions for the month of May was as follows: Purchases Sales May Cost May # Price 1,100 $4.10 3 200 $7.00 600 $4.30 800 $7.00 14 900 $4.40 12 800 $7.50 22 1,450 $4.50 18 500 $7.50 29 550 $4.50 25 1,450 $8.00 Determine Monsoon's ending inventory in dollars using Periodic Average. Round to the nearest dollar. 5.67 Question 4 0/2 pts Using the information in Question 2... Determine Monsoon's ending inventory in dollars using Perpetual FIFO. Round to the nearest dollar. Question 5 0/2 pts Using the information in Question 2... Determine Monsoon's ending inventory in dollars using Perpetual LIFO. Round to the nearest dollar

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