5. Swifty Corporation just began business and made the following four inventory purchases in June: June 1 140 units $840 June 10 190 units 1425 June 15 190 units 1539 June 28 140 units 1190 $4994 A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using the LIFO inventory method, the value of the ending inventory (rounded to whole dollar) on June 30 is a. $1676. b. $1200. c. $1290. d. $1700. Financial information is presented below: 6. Operating expenses 30000 Sales revenue Cost of goods sold143000 190000 Gross profit would be a. $47000. b. $ 1700o. c. $160000. d. 30000. that $8000 are estimated to be uncollectible. If Allowarn An aging of a company's accounts receivable indicates for Doubtful Accounts has a $2000 credit balance, the adjustment to record bad debts for the period will requi 7. a. debit to Bad Debt Expense for $8000. b. debit to Allowance for Doubtful Accounts for $6000. c. debit to Bad Debt Expense for $6000. d. credit to Allowance for Doubtful Accounts for $8000