QUESTION 21 When the cost of raw matenals is increasing, FIFO accounting O yields higher ending inventory values than LIFO O produces higher unt sales than using LIFO O yields higher cost of goods sold than LIFO O All of these QUESTION 22 A firm has beginning inventory of 300 unts at a cost of $11 each Production during the period was 650 units at $12 each If sales were 700 units, what s the value of the ending inventory using LIFO? O $2,750 O $3,250 O $3.300 o $2.550 QUESTION 23 A firm has forocasted sales of $3,000 in April, $4,500 in May and $6,500 in June All sales are on credt emainder the tollowing month What will bo the balance in accounts receivable at tho beginning of Juy O $1,050 $6,500 O $4,550 O $5,100