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Refer to question 27 above. What is ending inventory (in dollars) at March 31, 2020 under the LIFO method? 

The purpose of your speech should be as broad and inclusive as possible

QUESTION 21 At May 31, 2020, the balance in Lee Home Improvement Company’s Raw Materials Inventory account was $502,656, and Allowance to Reduce Inventory to Market had a credit balance of $31,200.Lee uses the lower-of-cost-or-market (LCM) on an individual item basis for year-end inventory valuation. Relevant inventory cost and market data are summarized below at May 31, 2020(use extra columns as you see fit). Cost Replacement Cost Sales Price Net Realizable Value Normal Profit Aluminum siding $86,240 $77,000 $78,848 $68,992 $6,283 Cedar shake siding  $105,952 $97,821 $115,808 $104,474 $9,117 Louvered glass doors $137,984 $152,768 $229,645 $207,346 $22,792 Thermal windows $172,480 $155,232 $190,714 $172,480 $18,973 Total $502,656 $482,821 $615,015 $553,292 $57,165

The main points in the body of the speech are:

In deciding what your main points should be, you should consider:

Honor Company was formed on December 1, 2019. The following information is available from Honor’s inventory record for Product X. Honor Company uses the perpetual inventory method. Units Unit Cost January 1, 2020 (beginning inventory) 2,000 $20 Purchases: January 5, 2020 2,500 $22 January 25, 2020 2,200 $23 February 16, 2020 1,100 $24 March 15, 2020 2,200 $25 Sales: January 15, 2020 2,500 $40 February 20, 2020  4,000 $40

The specific purpose of a speech should be:

A 15-year bond has a face value of $750,000 and coupon rate of 6%. Interest is payable semiannually. If the bond was issued with a discount of $230,584.87, what was the market rate? (Hint: the easiest way to solve this problem is to try multiple market rates, so be strategic when selecting which rates to test)

Refer to question 21 above. For the fiscal year ended May 31, 2020, determine the amount of the gain or loss that would be recorded due to the change in Allowance to Reduce Inventory to Market. (If loss, indicate with either parenthesis or a negative sign (-)).

Refer to question 27 above. What is ending inventory (in dollars) at March 31, 2020 under the FIFO method?