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Inventory records for Marvin Company revealed the following: Number Unit of Units Cost 1,030 $7.17 540 7.67 403 8.27 530 8.97 Transaction Date Mar. 1 Beginning inventory Mar. 10 Purchase Mar. 16 Purchase Mar. 23 Purchase Marvin sold 1,850 units of inventory during the month. Ending inventory assuming FIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $5,771. $7,385. $1,297 $3,502 Inventory records for Marvin Company revealed the following: Number Unit of Units Cost 980 $7.12 7.59 8.08 8.48 Transaction Date Mar. 1 Beginning inventory Mar. 10 Purchase Mar. 16 Purchase Mar. 23 Purchase 570 720 590 Marvin sold 1890 units of inventory during the month. Cost of goods sold assuming FIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $12,901. $16,027 $15.218. $14051 Inventory records for Marvin Company revealed the following Unit of Units Cost 1,040 $7.15 560 7.28 7.46 530 7.62 Number Transaction Date Mar. 1 Beginning inventory Mar. 10 Purchase Mar. 16 Purchase Mar. 23 Purchase 870 Marvin sold 2,000 units of inventory during the month. Cost of goods sold assuming weighted-average cost would be: (Do not round your intermediate calculations and round your final answer to nearest dollar amount. Round weighted-average unit cost to 4 decimals if necessary.) Multiple Choice $14,694. $14,755 $14,300 $14,560. One of the major differences between service companies and retail or manufacturing companies is that retailers and manufacturers must account for: Multiple Choice Current assets. Inventory. Selling expenses Deferred revenue. Prev 18 of 25 Next

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