Kay's dress shop incorporated on July 1, 2019 and immediately borrows $150,000 at 6% for one year for working capital purposes and used the funds primarily to purchase $90,000 of dresses for inventory. How much interest expense should be accrued at her calendar year-end? 9000 Kay's dress shop incorporated on July 1, 2019 and immediately borrows $150,000 at 6% for one year for working capital purposes and used the funds primarily to purchase $90,000 of dresses for inventory. How much interest expense should be accrued at her calendar year-end? Maple Company buys and resells hand-crafted wood chairs. The following inventory, purchases, and sales data are for the Maple during the month of January, Maple uses the periodic inventory method. Inventory Purchases: January Sales 2 7 units Beginning: Jan. 3 - 8 units at $50 each 18 50 each Jan. 8-6 units at $63 each Jan. 23 - 14 units at $65 each Under LIFO, Ending Inventory is: Multiple Choice