QUESTION 18

1. Cash flow can be impaired by slowing down payments to suppliers.

   True

   False

5 points

QUESTION 19

1. Units Cost

   Inventory, Jan 1 8000 $11

   Purchase June 21 13000 $12

   Purchase Dec 21 5000 $13

   If 11000 units are on hand at the end of the year, what is the cost of ending inventory using FIFO inventory system.

8 points

QUESTION 20

1. Units Cost

   Inventory, Jan 1 8000 $11

   Purchase June 21 13000 $12

   Purchase Dec 21 5000 $13

   If 11000 units are on hand at the end of the year, what is the cost of ending inventory using LIFO inventory system?