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17) The following information pertains to Some Company: March 1 Beginning inventory 30 units March 3 Purchased 15 units a S4 March 9 Sold 25

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17) The following information pertains to Some Company: March 1 Beginning inventory 30 units March 3 Purchased 15 units a S4 March 9 Sold 25 units @ S8 S What is the balance of ending inventory for Some Company assuming that it uses FIFO? A) S10 B) S75. C) S125. D) S85. 18) The following information pertains to Some Company: a s5 March 1 Beginning inventory - 30 units March 3 Purchased 15 units a S4 March 9 Sold 25 units S8 What is Cost of Goods Sold for Some Company assuming that it uses the weighted average method of inventory valuation? A) $100 B) S93 C) S85 D) S117

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