Instructions:1. What was the value of the ending inventory of Cook Right at Dece

Instructions:1. What was the value of the ending inventory of Cook Right at December 31 2010?2. How did the December 31 2010 quantity of Cook Right compare with the December 31 2009 quantity?3. What is the value of the ending inventory of Cook Right at December 31 2011 if there are 15600 units on hand?4. How would net income in (3) be affected if in addition to the quantity on hand 950 units were in transit to Norsk Corporation at December 31 2011? The shipment was made on December 26 2011 terms FOB shipping point. Total invoice cost was $78850. Ignore income taxes. Assume that all units purchased during 2011 were purchased at the same unit price as these 950 units.