On January 1, Year 1, Karev Company paid $37,215 cash to purchase a truck. Karev planned to drive the truck for 100,000 miles and then to sell it. The truck was expected to have an $3,200 salvage value.

The truck was actually driven

35,000 miles during Year 1

40,000 miles during Year 2

20,000 miles during Year 3

10,000 miles during Year 4.

If Karev uses the units-of-production method,the amount of accumulated depreciation shown on the Year 3 balance sheet is $_______ DO NOT ROUND until you get to the final answer

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The following information relates to Toby Company

Beginning inventory 205 units at $4 each

Purchases 60 units at $8 each

At the end of the period,Toby had 48 units left in inventory. Toby sold the remaining units for $21 each.

If Toby used the LIFO costing model, what is the cost of goods sold?