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Wood Company had the following Inventory items on hand at the end of the year. Computing the lower of cost or net realizable value on an item-by-ltem basis, determine what amount would be reported on the balance sheet for inventory. Maxim Corp. has provided the following Information about one of its products: During the year, Maxim sold 590 units. What is ending inventory using the average cost method? (Do not round intermediate computations.) Multiple Choice $73,467. $99,605. $96,605 $71,467 - The accounts recelvable balance on December 31,2019 was $199,000. - Uncollectible accounts recelvable written off during 2019 totaled $14,000. - The allowance for doubtful accounts balance on January 1, 2019 was \$19,000. How much is Clark's 2019 bad debt expense? Multiple Cnoice $5,000 $14,000 $9,000 $19,000 allowance for doubtful accounts had a $500 deblt balance at year-end prior to adjustment. What is the amount of bad debt expense? Multiple Cnoice $6,500. $500. $5,500. $6,000