The following units of an item were available for sale during the year: Beginning inventory 27 units at $47 Sale 21 units at $68 First purchase 29 units at $48 Sale 26 units at $68 Second purchase 30 units at $49 Sale 10 units at $69 The firm uses the perpetual inventory system, and there are 29 units of the item on hand at the end of the year. a. What is the total cost of the ending inventory according to FIFO? b. What is the total cost of the ending inventory according to LIFO?

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Question #74 of 85 John, 84, has developed Alzheimer's and can no longer care for himself. Prior to becoming incapacitated, John executed a will and a medical power of attorney. John's daughter comes to you, his financial planner, and inquires as to whether she can manage his finances for him, since she is named as the executor of the will and the agent under the medical power of attorney. Which one of the following statements would be a correct response to her inquiry?     A) John's daughter may not manage his financial affairs unless she is appointed by the court as his conservator.     B) John's daughter may not manage his financial affairs unless she is appointed by the court as his custodian.     C) John's daughter may manage his financial affairs because she is appointed as executor of the will and as the agent under the medical power of attorney.     D) John's daughter may manage his financial affairs because that was his express intent in a conversation you had with…