Question 14 (5 points) Stacey operates a coffee shop. At the end of 2018, 4 bags of coffee beans, at a cost of $15 per bag remain in inventory. In 2019, Stacey purchases 10 bags for $20 per bag. For 2019, Stacey's Cost of Goods Sold is $160. What is the cost of Stacey's ending inventory at the end of 2019? Hint: you don't need to know what method of inventory Stacey uses. $75 $100 $160 $260 Time Limit: 0:50:00 On 1/1/20, Lions Inc. had 4,000 identical football jerseys in its purchased for $25 each. In 2020, Lions purchased 1,000 more jerseys for $30 each and sold 4,500 jerseys for $40 each. If Lions uses FIFO to record its inventory, what is the Gross Profit for Lions for 2020? $65,000 $62,500 $115,000 $67,500 Question 20 (5 points) Which asset is NOT subject to depreciation? Buildings Furniture and Fixtures Equipment Land