17. Quiet Phones Company has the following inventory data: $ 570 July 1 Beginning inventory 30 units at $19 2,100 7 Purchases 105 units at $20 330 22 Purchases 15 units at $22 $3,000 A physical count of merchandise inventory on July count of merchandise inventory on July 30 reveals that there are 48 units on hand. Using the o inventory method, the amount allocated to cost of goods sold for July 15. a. $930. b. $990. c. $2,010. d. $2,070. 18. Which of the following is not one of the main factors that contribute to fraudulent activity? a. Opportunity. b. Incompatible duties. c. Financial pressure. d. Rationalization. 19. Internal controls are concerned with a. only manual systems of accounting. b. the extent of government regulations. C. safeguarding assets. d. preparing income tax returns