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The following data shows all transactions of Jasmine Corporation for the month of January and applies to questions 1-6. 1. If Jasmine Corporation uses the FIFO method of inventory valuation and employs the periodic method, gross profit for the month of January rounded off to the nearest dollar is: O a. 7,200 O b. 14,400 Oc. 7,100 O d. 7,212 2. If Jasmine Corporation uses the FIFO method of inventory valuation and employs the periodic method, ending inventory at the end of January rounded off to the nearest dollar is: a. 4,300 O b. 8,400 O c. 4,200 O d. 4,313 3. If Jasmine Corporation uses the average cost method of inventory valuation and employs the periodic method, cost of sales recorded on January 31 rounded off to the nearest dollar is: O a. 7,200 b. 7,188 Oc. 7,300 O d. 4,250 4. If Jasmine Corporation uses the Specific Identification method of inventory valuation and employs the periodic method, ending inventory at the end of January rounded off to the nearest dollar is: O a. 4,200 O b. 8,400 Oc. 4,300 O d. 4,313 5. If Jasmine Corporation uses the Average cost method of inventory valuation and the perpetual inventory method, cost of sales recorded on January 31 rounded off to the nearest dollar is: a. 7,300 O b. 4,300 O c. 7,250 O d. 4,250 6. If Jasmine Corporation uses the specific identification method of inventory valuation and employs the perpetual method, ending inventory at the end of January rounded off to the nearest dollar is: O a. 8,400 O b. 4,300 O c. 4,200 O d. 4,313

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