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#2. Calculate the following based on FIFO inventory valuation: Purchase 5 units @ $40 each...

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Accounting

#2. Calculate the following based on FIFO inventory valuation: Purchase 5 units @ $40 each Purchase 6 units @$42 each Purchase 9 units @ $48 each There are 11 units in ending inventory. Determine the dollar value of the Ending Inventory and Cost of Goods Sold and number of units sold. #3. Inventory appears on which financial statement? (Balance Sheet / Income Statement / Statement of Owners Equity)

#4. Accounts receivable and notes receivable appear on which financial statement?(Balance Sheet/Income statement/Statement of Owners equity)

#5 calculate the due date of the following note receivable. Face value of note: $5000 with issue date: august 8,20Y3 and term of note: 60 days

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