Concord Corporation uses the perpetual inventory and the gross method. On March 1, it purchased $62000 of inventory, terms 2/10,6/30. On March 3, Concord returned goods that cost $6200. On March 9, Concord paid the supplier. On March 9, Concord should credit purchase discounts for $1240 o purchase discounts for $1116 O inventory for $1240 Inventory for $1116 Bonita Industries had 470 units of "Tank" in its inventory at a cost of $4 each. It purchased, for $2770, 300 more units of Tank! Bonita then sold 385 units at a selling price of $10 each resulting in a gross profit of $1525. The cost flow assumption used by Bonita Is FIFO O is LIFO. cannot be determined from the information given, is weighted average Crane uses the periodic Inventory system. For the current month, the beginning inventory consisted of 7400 units that cost $11.00 each. During the month, the company made two purchases: 3100 units at $12.00 each and 12200 units at $12.50 each. Crane also sold 12700 units during the month. Using the average cost method, what is the amount of cost of goods sold for the month? (Round average cost per unit to 2 decimal places, eg: 1.48.) O $152400 $151638 $146100 $158500 Concord Corporation uses the periodic inventory system. For the current month, the beginning inventory consisted of 498 units that cost $61 each. During the month, the company made two purchases: 720 units at $64 each and 355 units at $66 each. Concord Corporation also sold 1200 units during the month. Using the FIFO method what is the amount of cost of goods sold for the month? $73200 O $77135 O $76224 $75336