2)

cion 16 et ered Muscat Co. just starting business made the following four inventory purchases in June: ed out of eg don Unit Unit Cost Total Cost June 1 150 units 5.2 June 10 200 units 5.85 June 15 200 units 5.4 June 28 150 units 6.6 A physical count of inventory on June 30 show that 200 units on hand. Using the FIFO inventory method, the cost of the ending inventory on June 30 is: Select one: a. 2,073 b. 1,073 c. 1,310 d. 1,305 e. 3,128 11,900 Sales returns and allowances 6,000 Sales commissions Sales revenue 160,000 30,000 Income taxes Cost of goods sold 14,100 29,000 Depreciation of office equipment Depreciation of sales equipment 17,100 Administrative Salaries expense 13,300 If this information was used to prepare an income statement, Total Selling Expenses should be: Select one: a. 27,400 b. 29,000 c. 11,900 d. 17,100 e. 10,200