Date Units Sold at Retail A company's inventory records report the following: Activities Beginning inventory Aug. 5 Purchase Aug. 12 Purchase Sales Aug 1 Units Acquired at Cost 15 units @ $40 - $ 600 10 units $41 = $ 410 20 units @ $42 = $ 840 Aug. 15 30 units sold Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale? $1,850 $300 $1,220 $630 $420 At the end of the year, the total accounts receivable ledger for a company equus $61000 and the total accounts payable ledger equals $28.000 If there are no errors for this company, one would expect that The Accounts Payable account will equal the total of all balances owed from its customer accounts The cash received by the company during the period equals $33,000 The Accounts Receivable account will equal the total of all balances owed to its supplier accounts The Accounts Receivable account will equal the total of all balances owed from its customer accounts The total credit sales for the period equal $33,000