please both

An outstanding check is: A check written by the company but not yet presented to the bank for payment A check that has been deposited by the company but not yet recorded by the bank A check deposited in the company's account but was later found to have insufficient funds A check written by the company and cashed by the bank Question 29 2 pts Titan Company purchased two identical inventory items. One of the itekis cost $10.00 and was purchased in January. The other was purchased in February, and the company paid $11.00 for this item. One of the items was sold in March at a price of $14.00. Select the correct answer assuming that Titan uses a FIFO cost flow assumption. The amount of gross margin would be $3.00 The balance in ending inventory would be $10.00 The balance in ending inventory would be $11.00 The balance in ending inventory would be $10.50