11. Sandhill Inc. has the following inventory data:

July 1		Beginning inventory		60 units at $19		$ 1140
7		Purchases		114 units at $20		2280
22		Purchases		29 units at $22		638
						$ 4058

A physical count of merchandise inventory on July 31 reveals that there are 54 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is

A)$2483.

B) $2918.

C)$2920.

D)$2599.

12.

Sheffield Corp. purchased a delivery van with a $66000 list price. The company was given a $6600 cash discount by the dealer, and paid $3300 sales tax. Annual insurance on the van is $1650. As a result of the purchase, by how much will Sheffield Corp. increase its van account?

A)$66000.

B)$64350.

C)$59400.

D)$62700.

13.

A company purchased land for $85000 cash. Real estate brokers' commission was $3000 and $9000 was spent for demolishing an old building on the land before construction of a new building could start. Proceeds from the salvage of the demolished building was $1400. Under the historical cost principle, the cost of land would be recorded at

A)$97000.

B)$95600.

C)$85000.

D)$92600.

pls help me. 10 mins left for my quiz. Thank you