36 Not yet answered At May 1, 2016, Bibby Company had beginning inventory consisting of 200 units with a unit cost $9. During May, the company purchased inventory as follows: 800 units at $9 Marked out of 1.00 600 units at $10 FFlag question The company sold 1,000 units during the month for $12 per unit. Bibby uses the average cost method. The cost of goods sold for May is Select one: a. $9,375. 0 b. $8,000. 0 c. $7,000. d. $7,375. stayt na At May 1, 2016, Bibby Company had beginning inventory consisting of 200 units with a unit cost of $9. During May, the company purchased inventory as follows: 800 units at $9 600 units at $10 The company sold 1,000 units during the month for $12 per unit. Bibby uses the average cost method. The cost of goods sold for May is Select one: O a. $9,375. O b. $8,000. c. $7,000. d. $7,375. Previous page Nex On March 9, Nlijah Company sells goods on credit to Siley Company for $7,000, terms 1/10, n/60. Nlijah receives payment on March 18. The entry by Nlijah on March 18 is: Select one: O a. Cash......... Accounts Receivable... 7,000 7,000 O b. Cash........... 7,070 Sales Discounts...... 70 Accounts Receivable..... 7,000 c. Cash......... 7,000 Sales Discounts.. 70 Accounts Receivable.. 6,930 6,930 d. Cash.......... 70 Sales Discounts..... 7,000 Accounts Receivable.. These are selected account balances on December 31, 2016. Land (location of the corporation's office building) Land (held for future use) Corporate Office Building Inventory Equipment Office Furniture Accumulated Depreciation $140,000 150,000 750,000 200,000 480,000 150,000 435,000 What is the total net amount of property, plant, and equipment that will appear on the balance sheet? Select one: O a. $1,235,000 0 b. $1,085,000 c. $1,285,000 Od. $1,520,000