1)

2)

On April 1, a company purchased two units of inventory. A and B. The cost of unit A was $630, and the cost of unit B was $585. On April 30, the company had not sold the inventory. The net realizable value of unit A was now $650 while the net realizable value of unit B was $500. The adjustment associated with the lower of cost and net realizable value on April 30 will be: 65 65 65 65 1. Cost of Goods Sold Inventory 2. Inventory Cost of Goods Sold 3. Cost of Goods Sold Inventory 4. Inventory Cost of Goods Sold 85 85 85 85 Multiple Choice Option 1 Option 2 Option 3 Option 4 Inventory records for a Company revealed the following: Date Transaction Mar. 1 Beginning inventory Mar. 10 Purchase Mar. 16 Purchase Mar. 23 Purchase Number of Units 1,010 530 456 520 Unit Cost $7.29 7.79 8.39 9.09 The compny sold 1,850 units of inventory during the month Ending inventory assuming FIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $1,535. $4.883. $5,952 $7,363