Inventory records for Dunbar incorporated revealed the following: Date Transaction Apr. 1 Beginning inventory Apr. 20 Purchase Number of Units 460 370 Unit Cost $2.33 2.56 Dunbar sold 610 units of Inventory during the month. Cost of goods sold assuming LIFO would be: (Do not round your Intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $1.297 o $1.456. O $1,421 O $1,506 Inventory records for Dunbar Incorporated revealed the following: Date Transaction Apr. 1 Beginning inventory Apr. 20 Purchase Number of Units 470 340 Unit Cost $2.47 2.62 Dunbar sold 560 units of Inventory during the month. Ending Inventory assuming FIFO would be: (Do not round your Intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $1.231 O $1,161 o $655 O $617 During the year, Bears Inc. recorded credit sales of $620,000. Before adjustments at year-end, Bears has accounts receivable of $350,000, of which $54.000 is past due, and the allowance account had a credit balance of $3.000. Using the aging of recelvables method, what would be the adjustment assuming Bears expects It will not collect 5% of the amount not yet past due and 23% of the amount past due? Bad Debt Expense Allowance for Uncollectible Accounts Bad Debt Expense Allowance for Uncollectible Accounts Bad Debt Expense Allowance for Uncollectible Accounts Allowance for Uncollectible Accounts Bad Debt Expense 27,220 27, 220 30,220 30,220 24,220 24,220 24,220 24,220 D Multiple Choice O Option A Option D Option B O Optionc On May 31, Money Corporation's Cash account showed a balance of $20,000 before the bank reconciliation was prepared. After examining the May bank statement and Items Included with it, the company's accountant found the following items: Checks outstanding Deposits outstanding NSF check Service fees $2,750 2,800 280 135 Error: Money Corp. wrote a check for $45 but recorded it incorrectly for $450. What is the amount of cash that should be reported in the company's balance sheet as of May 31? Multiple Choice O $19.990 O $19,090 $19,585 O $20,050. O