1.Marshall Company uses a weighted average perpetual inventory system.on 09/04/2016 units were purchased at $12 per unit; on 09/15/2016, 15 units were purchased at $14 pe on 09/30/2016, 12 units were sold.

What is the amount of the cost of goods sold for this sale?

A. $210.00

B. $148.00

C.150.50

D.158.40

2.under FIFO, the most recent costs are assigned to ending inventory .

A.T

B.F

3.Outstanding checks are checks the bank has paid and deducted from the customer's account during the month.

A. True

B. False

4. After preparing a bank reconciliation, adjustments must be made for items reconciling the book balance

A.True

B. False