Plerce Company sold to Stanton Company merchandise on account FOB shipping point, 2/10, net 30, for $600. Pierce prepaid the $60 shipping charge. Which of the following entries does Plerce make to record this sale? Car Accounts Receivable Station, de 560, Sales, credit 560 b. Acousts Receivable Scanton debit 58: Sales, credit and Accounts Receivable Stanton, debit360.Ch. credit S60 c Accounts Receivable-Stanton debe 5660, Sales, credit 5660 d. Accounts Receivable Stanton, debit 560, Sales, credit 560, and Transportation Outdobo. Cal credit 600 Merchandise with a sales price of $2,000 is sold on account with terms 2/10, 1/30. The journal entry to record the sale would include a a, debit to Customer Refunds Payable for $40 b. dehit to Accounts Receivable for $2,000 c. credit to Sales for $1,960 Od debit to Cash for $2,000 The inventory data for an item for November are: 4 Nov. 1 Inventory 18 units at $21 Sold 8 units 10 Purchased 27 units at $22 Sold 24 units 30 Purchased 22 units at $21 Using a perpetual system, what is the cost of the goods sold for November if the company uses LIFO? 17 a. $748 b. 5696 c. $686 Od. $906 The following lots of Commodity Z were available for sale during the year. Beginning inventory 8 units at $48 First purchase 17 units at 351 Second purchase 55 units at $57 Third purchase 15 units at $57 The firm uses the periodic system, and there are 23 units of the commodity on hand at the end of the year. What is the ending inventory balance at the end of the year according to the UFO method? a. 5311 b. 51,104 c. 55,241 d. 51,149