The following information is available for Quest Company: 
Required:
Answer the following questions for Quest Company:
a.If FIFO is in use, what is the ending inventory in dollars?
b.If periodic LIFO is in use, what is the cost of goods sold?
c.If moving average is in use, what is the ending inventory in dollars (round calculations to the nearest cent)?
d.If weighted average is in use, what is the ending inventory in dollars (round unit cost to the nearest cent)?
Definitions:
Conjunctive Task
A task in which the performance of a group is dependent on the abilities of the weakest member, highlighting the importance of each member's contribution to achieving a collective goal.
Television News Team
A group of professionals working together to produce and deliver news broadcasts on television.
Group Development
The process through which a group progresses through stages of formation, storming, norming, performing, and adjourning.
Different Stages
Pertains to the various phases or steps within a process or development cycle.
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