Assets purchased for resale are recorded in which of the following accounts? 1) Supplies 2) Inventory 3) Equipment 4) Patents Question 1 (1 point) Delightful Discs has the following inventory data: 30 units $6.00 each 120 units @S6.45 each 60 units @ $6.30 each 90 units a $6.60 each Inventory Purchase Purchase Nov. 1 17 Purchase 25 A physical count of merchandise inventory on November 30 reveals that there are 100 units on hand. Ending inventory under LIFO is 1) $657 2) $632 3) $1,269 4) $1.295