Dsveslory for 5231ad oo Cos of Coodk Sold Sor $231 ducing 1 A 2017 se lnventory, as LIFO inventory costing Evane sla wild 2) units during thie year. What is the aesount of the conbpanys ehosed in the Deceer 3t: 2017 aanod, sheet, asing tihe 3403 1) 5497 C7 5367 35, Ronald, Ine had the following balances and transactions dr units at 587 Inventory as Rooald, Inc sold 38 units during the year. What is the amount o disclosed in the December 31, 2017 balance sheet, method? (Round the unit costs to two decimal places and total costs to the A3 5104 B) 587 y's Merchandise In asing the periodic weighted-average inventory costing nearest dollar.) C) $373 D) S616 36. A company that uses the periodic inventory provides the following information: I. Beginning Inventory $15,000 2. Net Purchases $94,000 At the end of the period, the company does an inventory count and finds $12.000 of inventory on har What is the amount of cost of goods sold? A) $94,000 ?) s 121.000 C) $97.000 D) 582000 37. Which of the following is true of the balance sheet presentation of the Allowance for Bad Debt A) lt is reported as a current liability B) It is reported as an operating expense. C) It is reported as a separate, independent line item under current assets. D) It is shown as a contra account related to accounts receivable