$120,000 18,000 2,800 1.800 2.600 $3,600 Purchases 6.000 Net markups 4,000 Net markdowns 77,000 Sales returns 1.600 Normal shortage 2Goren Corpotation had the Begiuning ime Purshase resums Abiormul shoirtage Salcs Eimplove discounts AJ1.000 B) $33,400 C) 9,400, $52.600. D) 21. Web World began using dollar-salue LIFO for costing its inventory last year. The base year layer sonsists of s60o,000. Assuming the curent inventory at end of year prices equals $828.000 and the indes for the eurrent year is 1.10, what is the ending inventorny asing dollar-value LIFO A) $910,800, B) $752727 C) $828,000. D) $768,000 24. An item of inventory purchased this period for $1 5.00 has been incorreetly written down to its eurment replacement cost of S10.00. It sells during the following period for $30.0 0, its normal selting price, with disposal costs of $3.00 and normal profit of $12.00. Which of the following statements is not true? B) C) D) The current year's income is understated The closing inventory of the current year is understated. Income of the following year will be understated. The cost of sales of the following year will be understated. 25. Anna has $18,000 to invest. She requires $30.000 for a down payment for a house. If she is able to invest at desired balance? A) 7 years B) 8 years. C) 9 years. how many years will it be before she will accumulate the D) 6 years Bok