QUESTION 18 The Jervis company uses a periodic inventory system. The beginning balance of inventory and purchases made by the company during the month of Feb, 2020 are given below. Feb. 01: Beginning inventory, 500 units @ $20 per unit Feb. 18: Inventory purchased, 800 units $24 per unit Feb. 25. Inventory purchased. 700 units $26 per unit The Crisco company sold 1.100 units during the month of February wat is the value of the ending inventory using the LIFO method? O 527,800 535.000 524,400 $19.600 None of the above QUESTION 19 On Feb. 1. Delco purchased goods on account from a suppler, $1.200, terms 2715.45. On Feb. 2, Delco returned $200 of the goods due to damage. How much does Delco owe the supplier paying the balance on Feb. 9? 5200 $1.200 $1,000 5980