29 of 29 * Your answer is incorrect. Bonilla Co., a wholesale company, had the following information in its general ledger for the year 2022. Merchandise purchased for resale $507,500 Purchase returns 9,000 Marketing expense 7,100 Freight-in 19,220 Interest on notes payable to vendors 4,100 Freight-out (delivery expense on sales) 22,650 Cash discounts on purchases 5,190 What is Bonilla's inventoriable cost for 2022? Inventoriable Cost $ 540,410 N C M uestion 29 of 29 < > Your Answer Correct Answer 0/1 - * Your answer is incorrect. Holiday, Inc.'s inventory of $887,000 at December 31, 2022, was based on a physical count of goods priced at cost. The total does not include any adjustments for the following items. (a) Goods shipped from a vendor f.o.b. destination on December 24, 2022, at an invoice cost of $12,000 to Holiday were received on January 4, 2023. These goods were excluded from the physical count. (b) The physical count excluded goods held by a retailer (Deals Corp.) on consignment for Holiday, Inc. The cost of these goods to Holiday was $32,000. Holiday did not record a sale when it shipped the goods to Deals. (c) The inventory included $48,000 of goods that were in Holiday's warehouse on the morning of December 31, 2022 but were shipped to a customer f.o.b. shipping point later that day, after they had been included in the physical inventory count. What inventory amount should appear on Holiday's December 31, 2022 statement of financial position? Inventory to be reported Question 29 of 29 0/1 Spieth Corp. had 2,000 units of part T on hand April 1, 2022, costing $8 each. During April, Spieth made the following purchases of part T. Unit Units: Cost April 4 3,000 $8.25 10 4,000 8.40 19 1,000 9.00 29 2,700 9.90 A physical count at April 30, 2022 showed 3,800 units of Part T on hand. Using the FIFO method, what is the cost of part T inventory at April 30, 2022? Using the average-cost method, what is the inventory cost? (Round average cost per unit to 2 decimal places, e.g. 15.25 and final answers to O decimal places, e.g. 1,620.) Inventory Cost FIFO Average Cost