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1. List the three ways to express a ratio./ 2. Sheila Collins earns a commission of...

1. List the three ways to express a ratio./

2. Sheila Collins earns a commission of 15% on all sales. How much would she earn on sales of $9,000?

3. Compute the value of the ending inventory using FIFO (First-in/First-out)'
Beginning Inventory 40 units @ $20
First Purchase 50 units @ $21
Second Purchase 50 units @ 22
Third Purchase 50 units @ $23
Ending Inventory 38 units

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