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Inventory records for Holiday Supply Company Peve Unit Cost $3 Date Mar 1 Mar 12 Mar 20 Number of Units 50 200 Transaction Beginning inventory

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Inventory records for Holiday Supply Company Peve Unit Cost $3 Date Mar 1 Mar 12 Mar 20 Number of Units 50 200 Transaction Beginning inventory Purchase Purchase $4 $5 400 The company sold 600 units during the month. Calculate the ending inventory assuming the company uses LIFO. Multiple Choice $150 $200 $2,000 $250 When using the aging method to estimate uncollectible accounts: Multiple Choice O No estimate of uncollectible accounts is made. O Older accounts are considered less likely to be collected. The number of days the account is past due is not considered. Older accounts are considered more likely to be collected. Inventory records for Holiday Supply Company revealed the following Date Mar 1 Mar 12 Mar 20 Transaction Beginning inventory Purchase Purchase Number of Units 50 200 400 Unit Cost $3 34 $5 The company sold 600 units during the month Calculate the ending inventory assuming the company uses welehted average cost (Do not round Intermediul final to the Mucho O $200 $2.723 $250 $227

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