QUESTION 8 The following data was extracted from the records of Shear-Lock Combs, Inc.: Quantity 150 300 Beginning Inventory Purchases Goods Available for Sale Sales Revenue $/Unit 16 20 What is the gross profit using the FIFO method? O $6,400 O $7,400 O $7,600 O $6,600 Inventory, September 1 Purchase, September 35 12 Goods Available for Sale Sale, September 25 QUESTION 9 Sew Warm, Inc.'s inventory activity in September was as follows: S/Unit 6 9 400 18 Quantity 13 12 18 Calculate the Inventory at the end of the month using FIFO perpetual.

QUESTION 8 The following data was extracted from the records of Shear-Lock Combs, Inc.: Quantity 150 300 Beginning Inventory Purchases Goods Available for Sale Sales Revenue $/Unit 16 20 What is the gross profit using the FIFO method? O $6,400 O $7,400 O $7,600 O $6,600 Inventory, September 1 Purchase, September 35 12 Goods Available for Sale Sale, September 25 QUESTION 9 Sew Warm, Inc.'s inventory activity in September was as follows: S/Unit 6 9 400 18 Quantity 13 12 18 Calculate the Inventory at the end of the month using FIFO perpetual.