Q1. A company has the following per unit original costs and market values (replacement cost) for its inventory: Part A: 40 units with a cost of $5, and replacement cost of $5.50 Part B: 75 units with a cost of $6, and replacement cost of $6.50 Part C: 160 units with a cost of $3, and replacement cost of $2.25 If the lower of cost or market method is applied based on individual Parts, the total value of this company's ending inventory is $ ________

Q2. A new employee prepared the following list of account balances from General Ledger but listed the amounts in one column instead of putting the amounts in the debit and credit columns. All accounts have normal balances. Account Amount Cash $200 Accounts Receivable 20 Equipment 80 Accounts Payable 10 Common Stock 200 Dividends 5 Services Revenue 130 Salaries Expense 15 Rent Expense 18 Utilities Expense 2 Required: Determine whether each account should be in the debit or the credit column of a trial balance. Then calculate the total of the accounts with debit balances, and total for the accounts with credit balances and enter a dollar amount for the total of each column in the boxes below. DO NOT USE $ IN YOUR ANSWERS AND USE ONLY WHOLE NUMBERS. Total debit column $ ______ Total credit column $ ______