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just write the final answers Grays Company has inventory of 15 units at a cost of $10 each on August 1. On August 3, it

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Grays Company has inventory of 15 units at a cost of $10 each on August 1. On August 3, it purchased 25 units at $9 each. 17 units are sold on August 6. Using the perpetual FIFO inventory method, what amount will be reported as cost of goods sold for the 17 units that were sold? 16 75 cints Multiple Choice 01:12:21 $174 O $172 $255. 16 of 80 Next > 18 A company purchased new furniture at a cost of $34,000 on September 30. The furniture is estimated to have a useful life of 4 years and a salvage value of $4,000. The company uses the straight-line method of depreciation. How much depreciation expense will be recorded for the furniture for the first year ended December 31? 75 oints Multiple Choice 01:11:46 O $2,375 O $625 $1,875 Use the following information for Shafer Company to compute inventory turnover for year 2. 21 Net sales Cost of goods sold Ending inventory Year 2 Year 1 $650,000 $583,400 389,000 360,890 78, 200 79, 880 1.75 points 8 01:40:58 Multiple Choice O 4.07 5.92

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