5. At the end of last year, Helen's, Inc. 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(36=18) Based upon the above information, place the best answer in the space provided. In questions 1 through 3 , assume that Helen's uses a perpetual inventory system. - 1 The total debited to the Inventory account during January was: a $0. c $55,000. b \$35,000. d Some other answer. 2 The balance in the Inventory account at January 31 was: a $35,000. c $95,000. b \$205,000. d Some other answer. 3 The amount of costs transferred from the Inventory account to the Cost of Goods Sold account during January was: a $0. c $55,000. b $35,000. d Some other answer. In questions 4 through 6, assume that Jerome's, Inc. uses a periodic inventory system and takes a physical inventory only at year-end. 4 The total debited to the Inventory account during January was: a $0. c $55,000. b $35,000. d Some other answer. 5 The balance in the Inventory account at January 31 was: a $0. c $115,000. b $105,000. d Some other answer. 6 The amount of costs transferred from the Inventory account to the Cost of Goods Sold account during January was: a $0. c $55,000. b $35,000. d Some other