Bonner company paid $855,000 for a tract of land which included a warehouse and office building. The land, warehouse and office building originally cost $280,000, $180,000, and $340,000 respectively and the current assessed values are $300,000, $200,000, and $400,000 respectively. How should Bonner calculate what value to record for Land?

	A	300,000 / 900,000 x 855,000
	B	280,000 / 800,000 x 855,000
	C	300,000 / 800,000 x 855,000
	D	280,000 / 900,000 x 855,000

Cost of goods available for sale was $900,000 and the gross profit rate was 20%. If sales were $800,000, what was ending inventory?

	A	$0
	B	$260,000
	C	$160,000
	D	$180,000