Suppose that Dom began a landscaping business in 2017 In...

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Assignment 5 (Chapter 9) (Total Possible Points: 100) ACCT 351/551 Note : You can turn in either typed or handwritten homework. TAKE NOTE! UNLIKE PREVIOUS ASSIGNMENTS, PLEASE SUBMIT YOUR ANSWERS USING THE ANSWER SHEET AT THE END OF THE ASSIGNMENT. DO NOT SUBMIT A COPY OF THE ASSIGNMENT WITH YOUR ANSWERS! Be sure the different problems and answers are clearly marked. If a multipart question, make sure it is clear which part the answer relates to. In addition, make sure to circle, highlight, or double underline your final answers. If you make it too difficult to find the answer within your work, I will not count the answer correct. If you have multiple answers, I will not count it correct even if one of the answers is correct. Staple multiple pages together and make sure your name is on each page. If pages come loose without a name, the grading will be only on what is left attached. Do not submit the assignment questions – just pages A1-A4, or use notebook paper to follow the format of the answer sheets. Show your work throughout. If your answer is wrong, I will award partial credit if you show work to support your answers. Round dollar amounts to the nearest cent ($3,500.0372 $3,500.04). Round percentages to the second decimal place (e.g. 35.027956% 35.03%). *****Don’t forget to use the Chapter 9 notes for help in answering the questions ***** 1. Suppose that Dom began a landscaping business in 2017. In that year, he adopted the last-in first-out (LIFO) inventory-flow method for his business inventory of shrubbery by using it for the year on his tax return. In 2017, he purchased the following four batches of shrubs in 2017 (total cost per batch below). Shrubs Purchase Date Direct Cost Other Inventoriable Costs Total Cost 200 July 21 $ 2,000 $ 200 $ 2,200 150 August 15 $ 2,000 $ 100 $ 2,100 100 October 30 $ 2,200 $ 400 $ 2,600 140 November 10 $ 2,700 $ 100 $ 2,800 1

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