Sarasota Corp. uses a periodic inventory system. Its records show the following for the month of May, in which 71 units were sold. Date Explanation Units Unit Cost Total Cost May 1 Inventory 34 $ 9 $ 306 15 Purchase 27 10 270 24 Purchase 39 11 429 Total 100 $ 1,005 Correct answer icon Your answer is correct. Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e. g. 5.125.) Weighted-average unit cost $ Enter the Weighted-average unit cost in dollarsEnter the Weighted-average unit cost in dollars 10.05 eTextbook and Media Incorrect answer icon Your answer is incorrect. Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods. (Round answers to 0 decimal places, e. g. 125.)

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan