Big Al's Alcohol, Tobacco, and Firearms sells moonshine by the gallon jug. In 2021 the company ended the year with 100 gallon jugs that each cost $20. In January 2022 , Big Al bought another 25 gallon jugs or $22 each. In 2022 , the company sold 15 gallon jugs for $45 each. If the company uses LIFO inventory, what is Big Al's ending inventory for Moonshine on the 2022 balance sheet? Type your answer... 1 point Big Al's Alcohol, Tobacco, and Firearms sells moonshine by the gallon jug. In 2021 the company ended the year with 100 gallon jugs that each cost $20. In January 2022 , Big Al bought another 25 gallon jugs or $22 each. In 2022 , the company sold 110 gallon jugs for $45 each. If the company uses FIFO inventory, what is Big Al's ending inventory on the 2022 balance sheet? Type your answer... 1 point In its first year of business, Company A purchases 100 bags of cement. The company paid $500 to have the bags delivered. The company sold 75 of these bags. In addition to the reduction in cash, how does the $500 delivery cost affect the company's financial statements? Increases Cost of Goods Sold on the Income Statement and Inventory on the Balance Sheet Increases Inventory on the Balance Sheet Increases Cost of Goods Sold on the Income Statement None of the above