78. Goods that are consigned to another party: a. belong to the other party because title has passed b. belong to the company that has consigned them c. belong to the consignor d. b and c only 79. Chewy Candy has a beginning inventory of $1,000 with a retail value of $1,800. June purchases were $3,000, with a retail value of $4,700 and retail sales were $4,200. What is the June 30 estimated ending inventory at cost under the retail method? a. $351 b. $949 c. $4,161 d. $1,416 80. The entry to record the disposal of a laptop computer with a cost of $2,500 and an accumulated depreciation of $1,500 would be: a. debit Depreciation Expense, $2,500; credit Equipment $2,500 b. debit Accumulated Depreciation $1,500; debit Loss on Disposal of an Asset $1,000 credit Equipment $2,500 c. debit Equipment $2,500; credit Accumulated Depreciation $2,500 d. debit Cash $2,500; credit Equipment $2,500