Question 12 Assume Ava Co. has the following purchases of inventory during the first month of operations First Purchase Second Purchase Number of Units 219 154 Cost per unit 2.1 4.8 Assuming Ava Co sells 288 units at $10 each, what is the cost of goods sold if they use LIFO? Question 13 Below is a partial portion of Jolex's adjusted trial balance Cash 11,603 Accounts Payable 5,753 Retained Earnings 2,014 Sales Revenue 12.523 Rent Revenue 2004 Salaries and Wages Expense 6,307 Depreciation Expense 1553 Utilities Expense 1.797 When proparing the closing entry, the total debits on the closing entry will equal $ Question 14 Merchandise costing $539 is sold for $1,848 on terms 2/10 n/30. If the buyer pays within the discount period, gross profit will be