on Monday 5-13-19 between 8:00 and 8:30 AM 16. Nguyen Corporation is required to record an inventory write-down of $2,342 as a resut of using the lower-of-cost-or-market W this entry would affect the financial statements? ncmaet rule. Which of the following answers correctly shows how c. D. Option A Option B Option C Option 17 The Bradford Company was recently required to record an inventory write-down of $5,200 because the market value of its inventory was less than cost. Assuming the amount of the write-down is not material (the total inventory was over $9,750,000), which of the following is the appropriate journal entry? 5,200 Sales 5,200 5,200 5,200 5,200 Inventory A. 5,200 Cost of goods sold Inventory B. 5,200 Inventory - Sales 5,200 Cost of goods sold D. 18. The Wilson Company purchased $44,000 of merchandise from the Poole Wholesalde Company. Wilson also paid $3,000 for freight costs to have the goods shipped to its location. Which of the following statements regarding the necessary entries for the transactions is Wilson uses the perpetual inventory system. A. Total debits to the inventory account would be $47,000. B. Total debits to the inventory account would be $44,000. C. Transportation-in would be debited for $3,000. D. Total debits to the inventory account would be $41,000