no.39

38. Which of the following statements about inventory control systems is true? -Select- 39. The beginning inventory of a certain item for the Frolicsome Resort was 10 units, which were purchased at $10 each. It purchased 5 units at $5 aplece, and later, 3 units at $10 aplece. The resort sold a total of 8 units during the current accounting period. Which of the following inventory valuation methods yields the highest ending Inventory value for this inventory item? -Select- All these methods yield the same value for ending inventory FIFO LIFO weighted average The note was in exchange for catering services rendered. Required: 1) Prepare the journal entry for November 1. $10,000. It is dated November 1, 20X3, and has an interest rate of 9 percent. of 40 (0%) um Powered by MacBook Air