Please help.

0 Alfalfa Company developed the following information about its inventories in applying the lower-of-cost-or-market (LCM) basis in valuing inventories 8 $110,000 80,000 155,000 $120,000 76,000 162,000 If Altalfa applies the LCM basis, the value of the inventory reported on the balance sheet would be a. $341,000. b. $345,000 c. $358,000 d. $362,000. 11. Days in inventory is calculated by dividing a. the inventory turnover ratio by 365 days b. average inventory by 365 days. C. 365 days by the inventory turnover ratio. d. 365 days by average inventory. 12. A petty cash fund of $100 is replenished when the fund contains $4 in cash and receipts for $93. The entry to replenish the fund would a. credit Cash Over and Short for $3. b. credit Miscellaneous Revenue for $3. c. debit Cash Over and Short for $3. d. debit Miscellaneous Expense for $3. 13. A petty cash fund should not be used for a. postage due. b. loans to the petty cash custodian. c. taxi fares. d. customer lunches. Entries are made to the Petty Cash account when a. establishing the fund b. making payments out of the fund. c. recording shortages in the fund. d. replenishing the fund 14. 15. A $100 petty cash fund has cash of $12 and receipts of $85. The journal entry to replenish the account would include a credit to a. Cash for $88. b. Petty Cash for $88. c. Cash Over and Short for $2 d. Cash for $85 16. A $100 petty cash fund has cash of $16 and receipts of $82. The jounal entry to replenish the account would include a a. debit to Cash for $82. b. credit to Petty Cash for $84. c. debit to Cash Over and Short for $2. d. credit to Cash for $82