7 Question 40 (1 point) Market Inc shows the following account balances for last month Freight in $ 3.750 Freight Out 2425 Purchases 33 500 Purchase Discounts 1.005 Sales Returns and Allowances 4.250 The cost of goods purchased for last month is 10 11 NI 13 14 15 16 17 18 $33,820 O $32,495 19 20 21 $33,500 $36.245 22 24 25 26 27 Question 41 (1 point) The lower of cost and net realizable value basis of valuing inventories ensures that inventories are 20 29 30 valued at their selling price. 01 US O not over valued 35 valued at their current cost. 13 36 not under valued 90