10 A flood destroyed all of Endor Company's inventory on November 15th. Fortunately, Endor has a recent backup of their accounting records so the following information is available for the current year Beginning inventory, Jan. 1 Jan. 1 through Sept. 5 purchases (net) Jan. 1 through Sept. 5 sales (net) Current year's estimated gross profit rate $220,000 $319,000 $638,000 314 nts 014524 Estimate the cost of the inventory destroyed Beginning inventory $ 220,000 $ 220,000 Estimated September 5 wintory destroyed Severino Co. hod inventory on April 1st of 5 units at a cost of $11 each. On April 3rd, they purchased 18 units at $13 each. On April 9th they purchased 14 units at $16 each. On April 12th, 16 units were sold. Using the LIFO inventory method, what was the value of the inventory on April 12th after the sale? 11 Multiple Choice 315 a 5242 o S250 5203 $274 2 Moya Co. purchased $3,500 of merchandise on March 15th with terms 1/10, 1/30. On March 19th, it returned $385 worth of merchandise, On March 23rd, it paid the full amount due. The amount of the cash paid on March 23rd equals Multiple Choice 1.3909 $3115 $3084 53,080 $385 $3,500