109. Assuming a period of decreasing prices, which inventory cost flow assumption will result in the highest ending inventory on the balance sheet? a. All the answer choices will result in the same ending inventory. b. LIFO c. Weighted Average d. FIFO 110. On April 1, 2020, Shepard Inc. purchased 500 shares of its own $15 par value common stock for $24,000. On September 30, 2020, Shepard sold 200 of these treasury shares for $14,400 cash. The journal entry to record the sale includes a: a. $9,600 credit to Paid-in Capital from Treasury Stock b. $24,000 credit to Treasury Stock c. $4,800 credit to Gain on Sale of Treasury Stock d. $4,800 credit to Paid-in Capital from Treasury Stock