Assuming that BMCC has $18$ units of inventory as of Jan $1,2025$ at a cost of $$9\mathrm{.}00$ per unit. Then, On January $3$rd purchased $15$ more units at a cost of $$10$ per unit and on January $5$ th purchased $10$ units at $$11$ per unit. On January $23$ rd$,2025,$ they sold $30$ units at a selling price of $$30$ per unit. Calculate Ending Inventory, under LIFO.

a$.$ Ending Inventory $$117$

b$.$ Ending Inventory $$140$

c$.$ Ending Inventory $$127\mathrm{.}58$

d$.$ Ending Inventory $$900$

e$.$ None of the above

QUESTION $4$

Days' Sales in Receivables is calculated as follows:

a$.$ Accounts receivable divided by Revenues.

b$.365$ days divided by Accounts receivable turnover ratio.

c$.$ Net Credit Sales divided by Average net accounts receivables.

d$.$ Net Credit Purchases divided by Average net accounts receivables.

e$.$ None of the above

QUESTION $5$

Under the Perpetual inventory system, the entry to record transportation cost for merchandise being SOLD $($Freight Out$)$ would be:

a$.$ Dr$.$ A$/$P; Cr$.$ Inventory

b$.$ Dr$.$ Inventory; Cr$.$ A$/$P

c$.$ Dr$.$ A$/$P; Cr$.$ Delivery Expense

d$.$ Dr$.$ Delivery Expense; Cr$.$ A$/$P

e$.$ None of the above