QUESTION 14 Two companies report the same cost of goods available for sale but each employs a different inventory costing method If the price of goods has increased during the period, then the company using O a LIFO will have the lowest cost of goods sold O b. FIFO will have the highest ending inventory OC. FIFO will have the highest cost of goods sold. O d. LIFO will have the highest ending inventory Click Sated Shmitt QUESTION 15 Glower Company purchased merchandise inventory with an invoice price of $9,000 and credit terms of 2/10, 1/30 What is the net cost of the goods if Glower Company pays within the discount period? O a. $8,100 O b. $8,820 O c $9,000 O d.$8,280 QUESTION 16 10 points Savet What are the essential features of the allowance method of accounting for uncollectibles ? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B Iys Paragraph Arial 10pt v iii C. 111 LI O WORDS POWERED BY TINY