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5 6 7 8 9 > Question 11 (1 point) On December 31 of the current year, Plunkett Company reported an ending inventory balance of

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5 6 7 8 9 > Question 11 (1 point) On December 31 of the current year, Plunkett Company reported an ending inventory balance of $215,000 The following additional information is also available: . Plunkett sold and shipped goods costing $38,000 to Savannah Enterprises on December 28 with shipping terms of FOB shipping point. The goods were no included in the ending inventory amount of $215,000 Plunkett purchased goods costing $44,000 on December 29. The goods were shipped FOB destination and were received by Plankett on January 2 of the following year. The shipment was a rush order that was supposed to arrive by December 31. These oods were included in the ending Inventory balance of $215,000. . Plunkett's ending inventory balance of $215.000 included $15,000 of goods being held on consignment from Care Company (Plunkett Company is the consigte) . Plunkett's ending inventory balance of S215.000 did not include goods costing 895,000 that were shipped to Plunkett on December 27 with shipping terms of Pon destination and were still in transit a year-end Based on the above information, the amount that Plunkett should report in ending inventory on December 31 10 11 12 13 14 15 16 17 18 19 20 $209,000 $194,000 $200,000 $156,000 5 Question 14 (1 point) A company had the following purchases and sales during its first year of operations: Purchases Sales January 10 units at $120 6 units February 20 units at $125 S units May 15 units at $130 9 units September: 12 units at $135 8 units November 10 units at $140 13 units On December 31, there were 26 units remaining in ending inventory. Using the periodic FIFO inventory costing method, what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.) B 9 10 11 12 13 14 15 $3,445 16 17 18 $3,405. $3,540. 19 20 $3,200

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