7 company purchased land and incutted the following carst purchase price $ 500.000 Excavation costs 50,000 Razing old Bulding 13,500 Broket fees 10,000 cost of a parking Lot 25.000 What is the cost of the land? a $ 550.000 b) $ 572.500 $ 597.500 d) $ 562, Soo 15, which of the following types of inventory accounts would be used by a wholesalet ok retailet? a) raw materials inventory b) merchandise inventory c) finished goods inventory d) work in process inventory lucl