Section C: Problem solving (36 marks Total 1. Trout company uses a perpetual system and made purchases and sales of a product as follows: Cost per unit S12.00 $13.00 SI5.00 $16.00 Total Cost 5900 S4940 S7600 $7200 Date Purchase Number of units Jan 1 boginning 75 March 14 purchase 280 July 30 purchase 500 October 4 purchase 450 Units available 1105 Cost of Goods The company makes sales in the following dates Date Sale Jan 10 sals March 15 sals Oct 15 sals Total S205.10 Number of units 70 units 180 units 450 units 700 units Assign the cost of the inventory using the following a FIFO b. Weighted Average (7.5x 2, Total 15 marks) 2. Date Jan 1 The Inventory of Bell department store was destroyed by a fire on September 10,2014. The following data were found in the accounting records Purchase/sales Amount(s) inventory S180000 Net purchase 5.342000 Sale S675000 Returned sales S12000 2014 estimated gross profit 45% rate Use the gross profit method to estimate the inventory for March 2014. (6 marks) 3. 4. Mary Wilson and Patrick Clark began a partnership several years ago called the gift consultant Adjusted trial balance information for the year ended September 30,2014, appears below: An nant Bali