ACCOUNTING HELP

[22 jon December 28, Manufacturing Co. purchased goods costing $50,000. The terms were FoB destination. Some of the costs incurred in connection with the sale and delivery ofthe goods were as follows: Packaging for shipments 1,000 Shipping 1,500 These goods were received on December 31. In Kerr's December 31 balance sheet, what amount of cost for these goods should be included in inventory? A. $52,500 B. $51,500 C. $51.000 D. $50,000 23 l During January, Metro Co., which maintains a perpetual inventory system, recorded the following information pertaining to its inventory: Units Unit Cost otal Cost Balance on 111 1,000 $1 $1,000 Purchased on 1/7 600 3 1,800 Sold on 1/20 900 Purchased on 1/25 400 5 2,000 Under the LIFo method, what amount should Metro report as inventory at January 31? A. $1,300 B. $2,700 C. $3,900 D. $4,100 [24 Which inventory cost flow method is prohibited according to IFRS? A. First-in, first-out (FIFO) method. B. Specific identification method. C. Weighted average cost method D. Last-in, first-out (LIFO) method