3) The inventory valuation method that results in the lowest taxable income in a period of inflation is the: A) URO method. 8) FiFO method. C) Weighted-average cost method. D) Specificidentification method. E) Grass profit method. 4) A company purchased $1,800 of merchandise on July 5 with terms 2/10,n/30. On July 7 , it returned $200 worth of merchandise. On July 28 , it paid the full amount due. The amount of the cash paid on July 28 equals: A) $200. 8) 51,564 . C) $1,568. D) $1,600. E) $1,800. 5) The Unadjusted Trial Balance columns of a company's work sheet shows the Store Supplies account with a balance of $750. The Adjustments columns shows a credit of $425 for supplies used during the period. The amount shown as Store Supplies in the Balance Sheet columns of the work sheet is: A) $325 debit. B) $325 credit. C) $425 debit. D) $750 debit. E) $425 credit