25. At the end of last year, Helen's, Inc. (uses a periodic inventory system with a physical inventory count taken only at year-end) had merchandise costing $115,000 in inventory. During January of the current year, the company purchased merchandise costing $35,000, and sold merchandise which it had purchased at a total cost of $55,000.

Based on the foregoing information, the amount of costs transferred from the inventory account to the cost of goods sold account during January was:

26. At the end of last year, Helen's, Inc. (uses a periodic inventory system with a physical inventory count taken only at year-end) had merchandise costing $115,000 in inventory. During January of the current year, the company purchased merchandise costing $35,000, and sold merchandise which it had purchased at a total cost of $55,000.

Based on the foregoing information ,the total debited to the inventory account during January was:

27. At the end of last year, Helen's, Inc. (uses a perpetual inventory system) had merchandise costing $115,000 in inventory. During January of the current year, the company purchased merchandise costing $35,000, and sold merchandise which it had purchased at a total cost of $55,000.

Based on the foregoing information ,the balance in the inventory account at January 31 was: