NEED HELP ASAP

Question 19

Effie Company uses a periodic inventory system. Details for the inventory account for the month of January, are as follows:

		Units	Per Unit Price	Total Cost
Balance	January 1	200	$ 5.00	$ 1,000
Purchase	15	100	$ 5.30	530
Purchase	25	100	$ 5.50	550

An end of the month (1/31) inventory showed that 160 units were on hand. How many units did the company sell during January?

		60
		160
		200
		240

3 points

Question 20

Use the following inventory information:

July 1		Beginning Inventory	20 units @ $ 19	$ 380
7		Purchase	70 units @ $ 20	1,400
22		Purchases	10 units @ $ 22	220
				$ 2,000

A physical count of merchandise inventory on July 31 reveals that there are 30 units on hand. Using the LIFO inventory method, the amount allocated to cost of goods sold for July is

		$580.
		$1,380.
		$620.
		$1,420.

3 points

Question 21

Switzer, Inc. has 8 computers which have been part of the inventory for over two years. Each computer cost $600 and originally retailed for $900. At the statement date, each computer has a current replacement cost of $400. What value should Switzer, Inc., have for the computers at the end of the year?

		$2,400
		$3,200
		$4,800
		$7,200