A company just starting business made the following four inventory purchases in June: Date Number of units purchased Total cost June 1 110 units $ 380 June 10 160 units 575 June 15 160 units 820 June 28 120 units 700 $2475 A physical count of merchandise inventory on June 30 reveals that there are 220 units on hand. Using the average-cost method, the amount allocated to the ending inventory on June 30 is $990. $775. $1264. $1594.

Question 22 A company just starting business made the following four inventory purchases in June: Date June 1 June 10 June 15 June 28 Number of units purchased 110 units 160 units 160 units 120 units Total cost $ 380 575 820 700 $2475 A physical count of merchandise inventory on June 30 reveals that there are 220 units on hand. Using the average-cost method, the amount allocated to the ending inventory on June 30 is $990. $775. $1264. $1594. Question 32 Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $32800. If the balance of the Allowance for Doubtful Accounts is $7680 debit before adjustment, what is the amount of bad debt expense for that period? $25120 O $32800 $7680 $40480