1. Checkers uses the periodic inventory system. For the current month, the beginning inventory consisted of 1,200 units that cost $12 each. During the month, the company made two purchases: 500 units at $13 each and 2,000 units at $13.50 each. Checkers also sold 2,500 units during the month. Using the LIFO method, what is the ending inventory?

   	A	$15,950
   	B	$14,400
   	C	$16,200
   	D	$15,600

2. On October 1, 20XX, Bartley Corporation issued 5%, 10-year bonds with a face value of $500,000 at $520,000. The entry to record the issuance of the bonds would include a

   	A	credit of $480,000 to Bonds Payable
   	B	debit of $20,000 to Discount on Bonds Payable
   	C	credit of $20,000 to Premium on Bonds Payable
   	D	credit of $520,000 to Bonds Payable